News for hackers. Stuff that matters.

A comment on U.S. Fines Airlines More Than $7M for Not Providing Refunds. Parent comment

Re:U.S. Fines Airlines More Than $7M for Not Providing Refunds by yamtaddle on Wednesday November 16, 2022 @11:52AM (#33626274)
This is only true if those seat assignment charges actually result in significantly lower ticket prices for everyone else, which is far from guaranteed.
[ Parent | on HN ]
Re:U.S. Fines Airlines More Than $7M for Not Providing Refunds by cool_dude85 on Wednesday November 16, 2022 @12:41PM (#33627176)
No, you see, if they don't lower costs to the point of making no profit, then they will go out of business. Thats called competition and it's why no companies are able to buy shares back or pay dividends.
[ Parent | on HN ]
Re:U.S. Fines Airlines More Than $7M for Not Providing Refunds by pxx on Wednesday November 16, 2022 @12:10PM (#33626630)
It's not guaranteed, but competition solves this problem, and competition has been empirically particularly effective in the airline industry.

There is a very good reason people fly Spirit/Frontier/Allegiant/Sun Country.

[ Parent | on HN ]