International News
Airfares Drop, But Not Airline Tickets
A favorite writer of mine crunched a lot of data earlier this year and concluded that airfares had dropped by half over the past 30 years.
But not that anyone has much noticed. Why?
First, three decades ago not many people were flying. How come? It cost a ridiculous amount of money, that’s why.
How many remember that it was illegal in 1974 for an airline to charge less than $1,400 in inflation-adjusted dollars for a flight between New York and Los Angeles?
Also, according to figures...
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