Originally Posted by
NickB
Arguably, this is how
a competitive market works when that market is not atomistic.
Arguable and indeed argued although contrary arguments also exist based on market heterogeneity, comparative advantages and segmentation. For example, arguably airlines offering indirect flights between a and b should lower the price to be competitive against airlines flying nonstop thus offering a different/ better product. In the us, they don't tend to.
In any case I'm glad the us low cost partly disprove it by still giving for free what the free majors charge for!
And fully agree with your point on full connections vs point to point.