I have this collection of OAG's and in the 60's and 70's versions, they also list fares.
In 1962 the jet coach fare from ILD(JFK) to LAX on UA, AA or TW is $290.90 Round trip all fees included.
In 2004 the jet coach fare from JFK to LAX on AW is $222.70. On UA, its$352.00
and on AA its $310.00 All above is NS service
source....ORBITZ
What wrong with this picture?
safe
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- isitsafenow
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No Wonder They Lose Money
If two people agree on EVERYTHING, then one isn't necessary.
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- SafetyDude
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RE: No Wonder They Lose Money
-Value of the dollar
-Aircraft efficiency
-Airtravel more common
-A difference in taxes and fees
Do keep in mind that fares vary by the day, and hour.
-Will
-Aircraft efficiency
-Airtravel more common
-A difference in taxes and fees
Do keep in mind that fares vary by the day, and hour.
-Will
"She Flew For What We Stand For"
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- desertjets
- Posts: 7693
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RE: No Wonder They Lose Money
All things being equal I would saw there is a problem.
BUT, and this is a big one... you are comparing apples to oranges. For any of those flights there is probably a half dozen different coach fares available. From the very cheap $250 range that you saw on Orbitz to last minute, to fully refendable tickets that will be well over a thousand dollars.
BUT, and this is a big one... you are comparing apples to oranges. For any of those flights there is probably a half dozen different coach fares available. From the very cheap $250 range that you saw on Orbitz to last minute, to fully refendable tickets that will be well over a thousand dollars.
Stop drop and roll will not save you in hell. --- seen on a church marque in rural Virginia
RE: No Wonder They Lose Money
Not to mention the wonderful subsidies paid to the airlines (and fixed, guaranteed prices) enjoyed under Regulation.
RE: No Wonder They Lose Money
Using one of the many inflation calculators available on the web, one comes up with around $1775 in todays dollars for 290 in 1962. or the 350 today comes to about 57 back then. Funny, seems they are going the wrong way. somehow 1775 becomes 57.
[Edited 2004-09-01 04:52:54]
[Edited 2004-09-01 04:52:54]
RE: No Wonder They Lose Money
What is not being said, is the sheer quantity of flights available today say JFK-LAX. In the 1960's you had one or two, and that's that. I guess because of the high price of travel. I cannot imagine that rail travel was any cheaper back then either.
On a completely different note... Has anyone tried out the remodeled Hilton near ATL? I'm there right now. Beautiful room; had a lovely dinner; and they have high-speed (3mps) internet connections in every room.
Tasha
On a completely different note... Has anyone tried out the remodeled Hilton near ATL? I'm there right now. Beautiful room; had a lovely dinner; and they have high-speed (3mps) internet connections in every room.
Tasha
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- isitsafenow
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RE: No Wonder They Lose Money
I forgot to fill you in on "the past". There was four fares back then and I did NOT give you the lowest in 1962. Today I believe there are around 75 between NYC and LAX. On the above post, you got the Y jet coach labeled R fare at that time. Y was prop coach in 1962.... And YOU GOT YOUR $$$ back. There was no "they keep it and you get a penalty" if you xcle or change. There was no Saturday night stay crud. But there was an excursion fare you would buy 14 days in advance. THAT was the lowest on any route.
The fares are not in proportion to everything else bought in 1962. Cars, food, entertainment, clothes, cigarettes, gas..you name it.
How bout wages? I think the average ramp rat made around a buck fifty an hour back then. What do they make now?
That's the point I am trying to get across.
comments please..
safe
The fares are not in proportion to everything else bought in 1962. Cars, food, entertainment, clothes, cigarettes, gas..you name it.
How bout wages? I think the average ramp rat made around a buck fifty an hour back then. What do they make now?
That's the point I am trying to get across.
comments please..
safe
If two people agree on EVERYTHING, then one isn't necessary.
RE: No Wonder They Lose Money
The point is, if they have to charge $10 per ticketmore to cover fuel, its not that big a deal and you are not getting screwed. Cope.
Proud OOTSK member
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- txagkuwait
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RE: No Wonder They Lose Money
If you convert 1962 dollars to 2003 dollars, $ 290.90 in 1962 has the same value as $ 1709.82 in 2003.
Now, let's say that the CAB still exists in 2003 and has allowed regulated airlines to set the fare at $ 854.91 each way.
What do you think would happen to demand?
Nowhere near as many people would fly.
If a lot of people didn't fly, there would be a whole lot of people currently employed by airlines that would be working in other industries. A lot of planes cranked out by Boeing over the years would never have been ordered, eliminating the need for a lot of aerospace workers.
Many years ago, then-President Reagan made the comment that the deficit was not the result of the government not taking in enough in taxes, but rather because the government spent too much. (I'm paraphrasing). I think you could say the same thing about airlines...the ones in financial straits are there not because they don't charge enough, but because their costs are too high.
Now, let's say that the CAB still exists in 2003 and has allowed regulated airlines to set the fare at $ 854.91 each way.
What do you think would happen to demand?
Nowhere near as many people would fly.
If a lot of people didn't fly, there would be a whole lot of people currently employed by airlines that would be working in other industries. A lot of planes cranked out by Boeing over the years would never have been ordered, eliminating the need for a lot of aerospace workers.
Many years ago, then-President Reagan made the comment that the deficit was not the result of the government not taking in enough in taxes, but rather because the government spent too much. (I'm paraphrasing). I think you could say the same thing about airlines...the ones in financial straits are there not because they don't charge enough, but because their costs are too high.
RE: No Wonder They Lose Money
Don't forget you are also talking about different types of aircraft today then were used in 1962!
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