Originally Posted by
Happyflyer
I think it's one of the reasons TWA went out of business.
A guy running it sold future seats to a bunch of travel agency company's, including some he owned, cheap, for money right now.
Then later the airline barley owned any inventory to sell because so many seats had been presold, but booking company's made a killing because the seats were theirs to charge and markup for.
You are talking about Carl Icahn. You only got It half right, but half wrong. Don’t have time to go through it again. You can see my previous posts.
Ask me how I know...