With passenger demand for flights dropping, many airlines in recent weeks have instituted fare sales, and competitors have matched the lower prices."
Included is a chart of some popular routes and the now plunging airfares.
As one comment notes:
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With passenger demand for flights dropping, many airlines in recent weeks have instituted fare sales, and competitors have matched the lower prices."
Included is a chart of some popular routes and the now plunging airfares.
As one comment notes:
"Though other areas of travel - casino gambling, transatlantic flights - may have taken a bigger hit from the current economic slowdown, there's no doubt that cruises have also been heavily affected. The drop in cruise bookings has been so pronounced that cruise discounting today is more frequent than in recent memory. Not only the popularly priced lines (like Carnival, Royal Caribbean, Norwegian, MSC), but the more elegant lines one step up (like Holland America, Princess, Celebrity) have begun discounting their rates with a vengeance.""Ironic part, though, these airlines keep installing idiotic and pointless fees in an effort to make more money, and yet they constantly fail to be profitable. You would think that with this kind of gouging, they could make money flying the damn planes.
Which begs the questions, where does all this fee money go? It doesn't go to the pilots, stewardesses or mechanics, who have had their pay slashed to ribbons in the past few decades. It doesn't go to the planes, which are old and usually in bad repair. It doesn't go to the gas, which is cheap. It doesn't go to the stockholders, because the stock is shit. I wonder what happens to it all."
Airlines as a whole have only made money in two years since 2002. The business model old or new just doesn't seem to working.
The carrier also said it is cutting certain other fees as it aligns its policies with those of Northwest Airlines, which it acquired last week.
Link from the International Herald Tribune