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Thread: Will airfare trend downwards?
10-08-2008, 02:09 PM #1
Will airfare trend downwards?
Seems a battered economy is pushing retail prices down 10-30% (anticipated).
What about plane tickets?
Anyone have a prediction?
10-08-2008, 02:17 PM #2
Gee, Einstein, airlines are doing so well these days that you should see a drop in fares. Do you read the fucking news?
10-08-2008, 02:19 PM #3
Well, consumer spending is expected to sieze up.
Meaning less discressionary travel.
Meaning less ticket demand.
Enter supply vs. demand equation.
Follow the logic.
If you can.
It's really, really complicated, I know.
10-08-2008, 02:27 PM #4
10-08-2008, 02:34 PM #5
I don't have the time...just look at my post-count.
So, wad-licker, answer the question.
(Now that I taught you what you actually know about economics)
10-08-2008, 02:54 PM #6
Airfare priced at supply/demand since when?
Frontier starts charging for every checked bag as an incentive to travel for the holiday season.
Last edited by wi3dzmin; 10-08-2008 at 03:00 PM.We're sorta like 7-Eleven. We're not always doing business, but we're always open.
10-08-2008, 02:57 PM #7
Yes, mainly b/c petroleum prices have gone down.
10-08-2008, 03:03 PM #8
WSJ article today interviewed a few CEO's of the airlines, and all of them said they have no plans to cut airfares. At $90/barrel the airlines might break even. The plan is to cut capacity, and most arilines have already parked planes. Thus addressing the supply/demand equation.
You might see a few select routes with heavy competition get discounted. But only on select dates, where there is above avg. inventory."We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
10-08-2008, 03:11 PM #9
That makes sense.
I just need to book my peru trip for 09', not sure whether to even try to look now, or wait until next spring.
10-08-2008, 03:31 PM #10"The fame was like a drug, but what was even more like a drug were the drugs."