Grand Forks Economy

[gfhockey]

45 minutes ago, Kab said:

Congress needs to look into airline pricing

the person next to you may pay $100 more or $100 less than you depending on when they bought their ticket

it should be the same price for everyone flying to a certain destination

shouldn't be $100 more to fly from GF than it is from Fargo

 

 

 

Supply and demand my friend 

[InHeavenThereIsNoBeer]

2 hours ago, Kab said:

Congress needs to look into airline pricing

the person next to you may pay $100 more or $100 less than you depending on when they bought their ticket

it should be the same price for everyone flying to a certain destination

shouldn't be $100 more to fly from GF than it is from Fargo

 

 

 

$100 seems like a pretty arbitrary $ value just because it makes sense to you. Prices for all tickets remaining the same also doesn’t really jive with the whole free market thing either. The whole macroeconomic supply and demand deal means prices will increase for a product or service more in demand. You’re saying me buying a ticket a year ago for a flight tomorrow should cost the same as someone buying it today when so many variables have changed it what it costs to operate that flight.  Even if the pilots have received a raise, inflation(time value of money), fuel prices have doubled. Doesn’t make sense 
 

If you deem it not worth it, you vote with your wallet and don’t purchase. If other consumers agree and refuse to pay, prices come down.

[Kab]

29 minutes ago, InHeavenThereIsNoBeer said:

$100 seems like a pretty arbitrary $ value just because it makes sense to you. Prices for all tickets remaining the same also doesn’t really jive with the whole free market thing either. The whole macroeconomic supply and demand deal means prices will increase for a product or service more in demand. You’re saying me buying a ticket a year ago for a flight tomorrow should cost the same as someone buying it today when so many variables have changed it what it costs to operate that flight.  Even if the pilots have received a raise, inflation(time value of money), fuel prices have doubled. Doesn’t make sense 
 

If you deem it not worth it, you vote with your wallet and don’t purchase. If other consumers agree and refuse to pay, prices come down.

It varies day to do and week to week, if you buy a year ahead that’s your problem 

I’m saying a flight from x to z should have a price 0n it and not depend on what day of the week it is or be more because of the plane filling up

 

[InHeavenThereIsNoBeer]

13 minutes ago, Kab said:

It varies day to do and week to week, if you buy a year ahead that’s your problem 

I’m saying a flight from x to z should have a price 0n it and not depend on what day of the week it is or be more because of the plane filling up

 

Not following, so prices are cheaper on Tuesdays(for example) than other days or what are you saying? Anything related to price fixing based on congressional action sounds like too much government involvement/oversight to me. They have enough problems with fiscal responsibility to entrust them with that.