Re: Re: Re: Re: Re: Re: Airplanes falling out of the sky

[Eugene Coyle]

Yes, and de-regulated airfare has gone up much faster than electric
power in the CPI.\

Gene

Doug Henwood wrote:

> Michael Perelman wrote:
>
> >Don't fly to Chico from San Francisco.  Going to New York is
> >cheaper.  It wasn't
> >before dereg.  So it was not beneficial to all consumers.
>
> The airfare index of the CPI has risen at roughly twice the rate of
> the overall CPI since dereg - almost 11% in the last year, vs. 2.7%
> overall. The reason has mainly been quality decreases - more stops,
> more restrictions, fewer meals. When I interviewed Alfred Kahn about
> this about 10 years ago he refused to believe it.
>
> Doug