Denied Boarding b/c of Computer Problem -- Compensation
May 9, 2022, 11:31 am
#46
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May 9, 2022, 11:39 am
#47
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Either the company has a good safety culture or it doesn't. If they're willing to cut corners, it's across the entire company and that happens regardless.
Also, statistically we should see more crashes happening on EU airlines and other airlines ex-EU. Which we do not see.
May 9, 2022, 1:50 pm
#48
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Nope. The fact you think those two statements are equivalent demonstrates, once again, a fundamental misunderstanding of very basic microeconomic theory. Like the first two weeks of Econ 101 level of basic. If airlines could just increase their prices whenever they had increases in costs, you'd see airlines consistently able to pass on the costs of increased fuel costs to customers, when in reality high fuel costs tend to shrink profit margins and generally take several quarters to show up at all since passenger demand is much more elastic than supply over the short term.
Well:
1) Your math on EU->USD isn't very good (hint: current EUR:USD exchange rate is 1.06, not 1.5); I also think it's also per ticket, not per flight.
2) Please tell me which of your credit cards provides denied boarding compensation. I've never heard of such a thing.
3) Outsourcing this to third party insurance also removes incentive on behalf of the airline to avoid the problem in the future, which is what most of us really want.
Why would I want to pay an extra $6/flight for insurance that I get from multiple credit cards? If people want insurance, they can buy insurance.
1) Your math on EU->USD isn't very good (hint: current EUR:USD exchange rate is 1.06, not 1.5); I also think it's also per ticket, not per flight.
2) Please tell me which of your credit cards provides denied boarding compensation. I've never heard of such a thing.
3) Outsourcing this to third party insurance also removes incentive on behalf of the airline to avoid the problem in the future, which is what most of us really want.
May 9, 2022, 2:03 pm
#49
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Nope. The fact you think those two statements are equivalent demonstrates, once again, a fundamental misunderstanding of very basic microeconomic theory. Like the first two weeks of Econ 101 level of basic. If airlines could just increase their prices whenever they had increases in costs, you'd see airlines consistently able to pass on the costs of increased fuel costs to customers, when in reality high fuel costs tend to shrink profit margins and generally take several quarters to show up at all since passenger demand is much more elastic than supply over the short term.
When was the last time economists were right about anything?
EU comp isn't some short-term price fluctuation. It's a known liability and it's factored into the baseline price of the product, like any smart business does with fixed costs.
2) Please tell me which of your credit cards provides denied boarding compensation. I've never heard of such a thing.
3) Outsourcing this to third party insurance also removes incentive on behalf of the airline to avoid the problem in the future, which is what most of us really want.
3) Outsourcing this to third party insurance also removes incentive on behalf of the airline to avoid the problem in the future, which is what most of us really want.
(**using "IDB" very loosely)
May 9, 2022, 2:07 pm
#50
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May 9, 2022, 2:18 pm
#51
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May 9, 2022, 3:20 pm
#52
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Nope. The fact you think those two statements are equivalent demonstrates, once again, a fundamental misunderstanding of very basic microeconomic theory. Like the first two weeks of Econ 101 level of basic. If airlines could just increase their prices whenever they had increases in costs, you'd see airlines consistently able to pass on the costs of increased fuel costs to customers, when in reality high fuel costs tend to shrink profit margins and generally take several quarters to show up at all since passenger demand is much more elastic than supply over the short term.
Largely speaking, I don't see any good arguments against EC261 style legislation. Companies in the US have successfully conditioned people to think that any regulation is bad, even if it helps them out. And that's why we have embarrassingly bad consumer protections and apparently a horrifying lack of basic economics knowledge.
May 9, 2022, 4:27 pm
#53
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Yep. This is probably day 2 of Econ 101, right after they define supply and demand as terms. And given that the European aviation market hasn't collapsed any more than anyone else, clearly this cost isn't so burdensome.
Largely speaking, I don't see any good arguments against EC261 style legislation. Companies in the US have successfully conditioned people to think that any regulation is bad, even if it helps them out. And that's why we have embarrassingly bad consumer protections and apparently a horrifying lack of basic economics knowledge.
Largely speaking, I don't see any good arguments against EC261 style legislation. Companies in the US have successfully conditioned people to think that any regulation is bad, even if it helps them out. And that's why we have embarrassingly bad consumer protections and apparently a horrifying lack of basic economics knowledge.
The "smart people" know that companies don't really need to worry about recouping 100% of fixed costs. It all just works out magically somehow.
May 10, 2022, 11:38 am
#54
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Nope. The fact you think those two statements are equivalent demonstrates, once again, a fundamental misunderstanding of very basic microeconomic theory. Like the first two weeks of Econ 101 level of basic. If airlines could just increase their prices whenever they had increases in costs, you'd see airlines consistently able to pass on the costs of increased fuel costs to customers, when in reality high fuel costs tend to shrink profit margins and generally take several quarters to show up at all since passenger demand is much more elastic than supply over the short term.
