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When you have a CEO say something like that, it means prices aren’t going down anymore — only up.
It’s why if you live far from a major city, you’ve seen fares go up and the number of flights go down.
On a US domestic flight, there might be 10–15 different price points, according to Rick Seaney.
If the load factor is low and demand is low, an airline will increase the availability of cheap fares.
After the 2009 crisis, the scale of justice tipped towards the airlines.”Prices go up and down for many reasons.
No one can really predict when or if a price will change. But there are four things that drive prices: competition, supply, demand, and oil prices.