How Airline Ticket Prices Fell 50% in 30 Years (and Why Nobody Noticed)

Via: The Atlantic

Feb 28 2013, 9:01 AM ET

There are many sad stories to tell about the U.S. economy, but here’s some good news for everybody, from radical capitalists to consumer advocates: The incredible falling price of flying


Wikimedia Commons

Frank Sinatra’s “Come Fly With Me” was the best-selling album in the United States for five weeks in 1958, but the irony of its popularity (or, perhaps, the source of its aspirational appeal) is that practically none of us could take up the offer to “glide, starry-eyed” on an aircraft with anybody in those days. More than 80 percent of the country had never once been on an airplane. There was a simple reason. Flying was absurdly expensive.

And there was simple reason why flying was absurdly expensive. That was the law.

There are many sad stories to tell about the U.S. economy in the last 30 years, but here’s a happy story for everybody (except the airlines), from radical capitalists to the most liberal consumer advocates. Getting government out of the business of regulating the skies has led to a remarkable collapse in airline prices.

Read more: here

Advertisements

Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s