|
|
|
|
|
|
by articulatepang
2 days ago
|
|
|
We don't really have to guess: as jet engines became more fuel-efficient, inflation-adjusted prices for air tickets dropped. And as oil prices fluctuate, so do ticket prices. There's a bunch of noise in both these trends but the best explanation for them is that competition between airlines drives prices to roughly the cost of provision, of which 30% or so is fuel. |
|
|