Why air travel is so cheap
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Business Insider
12 Views • Nov 09, 2019
Description
Airfares are close to their lowest prices ever, with a roundtrip ticket from New York to London costing $350, almost a tenth of the price it would have been in the 1970s. Since fares and routes are no longer regulated by the government, fierce competition has led airlines to generate new revenue streams, which often inflate the base fares greatly.
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