February 28, 2017

DEFLATION CAN NOT BE OVERSTATED:

It's a golden age for affordable flying. No, really (Jon Ostrower, February 28, 2017, CNN Money)

Shortly after Pan American Airways started flying from New York to London in 1959, a round trip ticket cost what would be $3,800 today -- in economy class.

More than a half-century later, Pan Am is long gone and newcomer Norwegian Air Shuttle ran a special promotion with $65 one-way tickets on 10 new routes from the northeast U.S. to Ireland and Scotland.

Those fares sold out in less than a day. They're also a signal that, with new low-cost carriers spreading their wings across the U.S., the Atlantic and Pacific, we're heading into a new golden age of affordable air travel.

Posted by at February 28, 2017 11:56 AM

  

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