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Average airfare isn't a useful stat in this respect. What would be useful is comparing fares for individual routes over the years, which would tell a different
by dkjaudyeqooe 1y ago
Average airfare isn't a useful stat in this respect. What would be useful is comparing fares for individual routes over the years, which would tell a different story.
Average fares are skewed by low cost carriers entering the market.
- tonyedgecombe 1y ago>Airlines are an abusive oligopoly there >Average fares are skewed by low cost carriers entering the market.
- dkjaudyeqooe 1y agoThe large carriers, created through mergers that should never have been allowed, have the most popular routes locked up through ownership of landing/takeoff slots and similar. On those routes, fares have substantially increased due to a lack of competition. The low cost carriers business model is to fly new routes (to secondary airports if required) at low prices, often creating new demand (Breeze is a classic example of this). The math is very straight forward if you consider what each group is doing in the market.