Biggest game change here will be a secular rate hike on airfare.
Biggest game change here will be a secular rate hike on airfare.
@terronk Why are flights in Europe so much cheaper even though they need to comply by similar rules already?
@terronk There were some reforms needed here (Southwest incompetence was especially egregious), but you're absolutely correct that the impact to consumers is essentially forcing them to buy trip cancellation insurance. Does anyone think the for profit airlines are going to lose money?
@terronk I'm fine paying more to get better service - it still won't be as much (or as unsafe) as private and they will actually have to deliver the service they promised. Spacing flights out an extra 10 mins won't 5x prices.
@terronk Good - then the shittiness of a given airline will be transmitted through price signals, and incentives will adjust accordingly. Treating customers like garbage is an unpriced market failure.
@terronk Saw the press release and thought: ok, airline fares going to go up. As with most interventions of this type: benefit to one individual is large, costs are spread out over all of us.
@terronk Flyers were already entitled to most of these refunds if they knew to fight for them, so fares will only increase to the extent that they incorporated airlines’ ability to avoid that.