Friday, July 06, 2007
Airline Demand Destruction
What do you do when the airline industry is beginning to fall apart because of high fuel prices and you need to cut demand? Make it more and more aggravating to travel by air. That’s one of the real reasons for “airport security,” but there’s more demand destruction going on in the form of incredible flight delays. The situation is apparently going from bad to worse. Look for more people to just give up flying as “security” hassles and delays worsen.