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CNN Your Money August 17, 2013 18:27:00 - Vimarsana News

CNN Your Money August 17, 2013 18:27:00

Storm you' . you're grounded. that's the message from u.s. airways. the merger would make the biggest airline. by in 1978, there were 18 airlines, and now there are just 12. if this merger goes through, those four airlines will control more than 80% of the u.s. travel market. this is the chart the airline industry wants you to see. it's the cost of flying. the cost of flying has actually dropped over those 30 years, although prices have ticked up a little bit in the last decade. here's a chart they don't want you to see. in 2010, jetblue and american airlines made a deal, which gave jetblue ...

CNN Your Money August 17, 2013 18:28:00 - Vimarsana News

CNN Your Money August 17, 2013 18:28:00

International airport. before jetblue landed at reagan, us airways charged $1200 a ticket. after they landed at reagan, they dropped to $500. reduced competition has allowed them to raise fares and charge you more for things like checking your bag or changing your ticket. the u.s. airways president said, quote, consolidation has also allowed the industry to do things like ancillary revenues. this is a structured permanent change in the industry and one that's impossible to overstate the benefit from it. when i think about ancillary revenues, i think about paying for snacks and headphones on th...