Re:Leaked email from United Airlines CEO blames passenger fo...
by Karunamon on Tuesday April 11, 2017 @04:19PM
(#14092055)
Hotels tell you when they're full and stop accepting bookings, nobody is selling anything at FR banking, everywhere I shop online tells me when their stuff is known out of stock, and so on.
Air travel does none of these things. They know they've sold more than they can provide, and do nothing to tell people until the last possible minute just to make a buck.
There's also fractional-reserve banking, hotels, old-style phones, online / mail-order shopping ("sorry, your stuff is in back order"), etc.
Statistical arbitrage is a thing.