From: TimF | 8/17/2021 11:08:05 AM | | | | The value of seat space during a pandemic by Tyler Cowen August 13, 2021 Delta Air Lines did not sell the middle seat in 2020 during the COVID-19 pandemic.
Its principal rivals sold all seats starting in July 2020.
Delta raised its fares by 15%.
Passengers paid $23 to prevent a stranger from sitting next to them.
Delta had to operate more flights, so this was not a profit-enhancing strategy.
Here is the paper, via the excellent Kevin Lewis.
marginalrevolution.com |
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To: TimF who wrote (1624) | 8/17/2021 11:49:47 AM | From: Moonray | | | Interesting, but I don't believe it was a factor in the price of airline stocks during this pandemic. Delta's routes are not all in competition with other airlines and if someone wanted to fly from timbuk to tu he would have chosen his timbuktu flights based upon his best choices of what was available, prices, times, and conveniences, same as always. o~~~ O |
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To: Moonray who wrote (1631) | 8/24/2021 1:12:41 PM | From: OldAIMGuy | | | Thanks M, Re: Air travel and related activities................
I noted this AM that a director of Park Hotels (many airport locations) added 10K shares to their account at $17.73.
That helps me gauge how well my next target prices for buying or selling are. I need $17 or below to add to my holding. So, it appears I might be in the same neighborhood as that one director.
Best wishes, OAG Tom |
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