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.
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Wendover Productions publishes short educational videos that aim to explain how the world works.
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Wendover Productions, 2017
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