Originally Posted by
Timbo
Overall, it was a short term gain (from the Pricline stock runup) which then lead to a long term meltdown in the industry pricing power.
Leo taught our customers to shop on-line for the lowest fares, rather than go through a travel agent.
I never understood that - the internet allowed the airlines to save $35 on the commission to the travel agent, but lost hundreds by competing with Priceline.