Selling a single product or service to more than one buyer is considered fraudulent in most sectors, but in the airline industry, the practice of “overbooking” – issuing tickets in excess of the space available – is a norm. Why do airlines pursue such double-dealing, and is it legal? getAbstract recommends Wendover Productions’ pithy presentation to anyone who wants to understand the economics of travel or to avoid getting bumped from a flight.
In this summary, you will learn
- Why airlines overbook flights,
- How airlines decide which flights to overbook and whom to oust, and
- How you can reduce your chances of an airline bumping you.
About the Speaker
Wendover Productions publishes short educational videos that aim to explain how the world works.
Comment on this summary
By the same author
Wendover Productions, 2017
Customers who read this summary also read
Bloomberg Businessweek , 2017
Robbie Kellman Baxter
Laurence Minsky and Colleen Fahey
Kogan Page, 2017
Michael C. Bush CEO and The Great Place to Work Research Team