Comments on: Why Do Airlines Overbook Flights?

By: Airlines overbooking, big houses and options rights

Airlines overbooking, big houses and options rights — Sun, 03 Jan 2010 01:42:58 +0000

[...] Why do airlines overbook flights @ Weakonomics [...]

By: Misty Jane

Misty Jane — Tue, 29 Dec 2009 22:58:02 +0000

I have just had a business trip to Europe & had to fight my way onto a flight I booked months ago. A friend with 15 students was told her group could wait for stand by if they went to another airport. They arrived at their destination in two groups 48 hrs apart! What’s our recourse?

By: prasti

prasti — Tue, 29 Dec 2009 18:27:39 +0000

i hate how airlines overbook on purpose. blech. and it's the pits when you're traveling with little kids and then everyone decides to show up for the flight. or, they cancel the flight you booked (and paid for) and re-schedule you on a different flight b/c the original flight didn't have enough seats filled. lame. you'd think that with the crazy prices they charge for domestic flights (and all the extra fees they tack on now) airlines would be more profitable...where does all that go? .-= prasti´s last blog ..top ten tuesday =-.

By: Rob Bennett

Rob Bennett — Tue, 29 Dec 2009 15:51:00 +0000

since the airline industry is still an unprofitable money hole, it might be wise to rethink even the strategies that make money.

Precisely so.

Economics has become a rationalizing “science.” It’s all about explaining things AS IF humans acted rationally.

But they don’t actually do that, do they? And that’s sort of a problem when your entire “science” is rooted in that premise, isn’t it?

We need an Economics for Humans.

Rob
.-= Rob Bennett´s last blog ..“Fixed Income Should Equal Age, BUT Adjusted Up or Down Depending on Valuations” =-.