The boss of Heathrow has accused airlines of keeping fares artificially high this summer to boost profits, as a long-running war of words between the airport and airlines continues.
John Holland-Kaye said carriers such as British Airways and Virgin Atlantic had capitalised on pent-up demand to travel abroad after two summers of Covid restrictions.
“Capitalising on pent-up demand” is also known as price changes balancing supply and demand.
And are the villains actually making any profit? Wouldn’t the boss of LHR be better off solving the airport’s problems? When the WEF (et al) is aiming at crippling the whole industry why the internecine squabbling?
Isn’t Heathrow’s inability to manage sufficient flights the cause of inadequate supply?
Hmm?
Businesses don’t do spite. It’s bad for business. I’m sure you can find an exception though. That would actually be a better contribution than the incessant inane questions.
The mere concept of prices being “artificially” anything is so disturbing I suspect it proves the boss of Heathrow unfit for anything but manual labour. To the latrines!
Or perhaps xe thinks prices are set by divine providence, and not a bargain between the two parties to the transaction?
If business bigwigs are spouting this nonsense, and the media are printing it…It’s even worse than I thought Jim. Phasors set to spin.
Businesses don’t do spite. It’s bad for business. I’m sure you can find an exception though.
Twitter, Google, Facebook, PayPal, Apple, Amazon, Disney . . .
“Capitalising on pent-up demand” is also known as price changes balancing supply and demand.
The Heathrow boss is only a fool if he’s not doing to the airlines what the airlines are doing to their customers. I wouldn’t be surprised if the “war of words” was part of that. Is he stuck in a shit contract, or something, and looking to politicians?
Plenty of spite on social media, but it’s not the businesses doing the spiting. Disney et al may seem to be playing their customers for suckers but is that really spite?
“Businesses don’t do spite. It’s bad for business. I’m sure you can find an exception though.”
I am sure there are business models that depend on it. Success in business is understanding the business model you are trying to exploit, and then exploiting it!
Surely 6 months in some sunny clime, starting from about now, is one way of reducing your living costs
Exactly. This is just a little spat about how much of the value-add in flying (or travel in general) is collected by the airline, and how much by the airport (and how much by fuel suppliers, taxis/Uber, etc – but those folks are being quiet at the moment).
. . . but it’s not the businesses doing the spiting.
What planet, etc?
Twitter, facebook, YouTube banning users, even those with large followings, over wrong-speak. PayPal and other online money services removing people’s ability to earn a living over wrong-speak. Disney firing popular acting talent over wrong-speak. Banks freezing their customers’ assets in illegal cahoots with governments (Canada, etc).
There are countless (because we can’t see how many) examples of these businesses spiting their customers, as well as themselves, for non-business reasons. Every institution, including supposedly hard faced capitalist ones, has been marched through.
If you’re on about business to business spite, that happens too. Capitalists are human after all.
No, businesses don’t spite either their customers or other companies.
BUT there are idiots running companies who do.
@DocBud, October 27, 2022 at 8:01 am
Isn’t Heathrow’s inability to manage sufficient flights the cause of inadequate supply?
Yep. Plus airlines shortage of pilots as so many incapable to work due to mandatory poison jabs
Circa 2% to 2.5% of pre jab workforce now incapable to work (US figures, lower % jabbed)
On a personal note my mother is now in wheelchair due to neurological poison jab damage
I’m so glad, in Dec 2020, I read publicly available safety data and concluded “Dangerous poison snake oil; say NO”
Sadly few would listen / believe: “Gov’t, “experts”, msm wouldn’t lie” :facepalm
Biden this week: “It’s your duty to take booster To Protect Others”
https://twitter.com/tzimtzum89/status/1585023559138967552
It’s your duty to take booster To Protect Others’ income, Pcar???
I can’t confirm or deny that. Pfizer to increase Covid Jab price by x4.3 to ~$130 per jab