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The Economics of Airline Class
Video

The Economics of Airline Class


audio autogenerado
audio autogenerado

Editorial Rating

8

Qualities

  • Innovative

Recommendation

Do you fly first-class or squeeze into coach? Until the 1950s, you had only one choice. Wendover Productions explains the evolution of airfares using engaging illustrations that blend simple math with historical context. getAbstract recommends this fascinating case study to anyone interested in travel, pricing or the history of business.

Take-Aways

  • Premium passengers are airlines’ most lucrative customers. On any commercial flight, premium flyers – a minority – deliver the vast majority of revenue.
  • In the early years of commercial flight, air travel was an expensive luxury, so airlines made no classifications. All tickets were first-class.
  • Nowadays, airlines sell the same basic service – transit from point A to point B – to different market segments at different prices.

About the Speaker

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


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