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Old 04-17-2017 | 12:37 PM
  #21  
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Originally Posted by syd111
do you trade UAL much?
UAL was up 2.5% today and that was before the earnings report after market closed today... and yes, I've made some money trading airline stocks...
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Old 04-17-2017 | 12:54 PM
  #22  
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Originally Posted by ugleeual
they lost money on that flight... a domestic leg, dependent on the city pair, might make only a $1000 total after paying all the expenses for operating the flight. We are moving down a bad path...
True. This is a slippery slope. As soon as we start offering money for an oversold flight, people are going to take full advantage of this. This quickly becomes a big money loser for us.

Perhaps someone should put forth legislation that prevents all airlines from over booking. It would be a level playing field, all airlines just charge more to compensate for the losses of not over booking. As an exception to the law, PS could be added after the flight is sold-out, up to a certain percentage. In this scenario we could then legally offer people money to take a later flight. Just thinking out load, I'm sure there is some reason this can't work.
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Old 04-17-2017 | 01:35 PM
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Originally Posted by Half wing
True. This is a slippery slope. As soon as we start offering money for an oversold flight, people are going to take full advantage of this. This quickly becomes a big money loser for us.

Perhaps someone should put forth legislation that prevents all airlines from over booking. It would be a level playing field, all airlines just charge more to compensate for the losses of not over booking. As an exception to the law, PS could be added after the flight is sold-out, up to a certain percentage. In this scenario we could then legally offer people money to take a later flight. Just thinking out load, I'm sure there is some reason this can't work.
Don't think out load; it's a half baked idea. What this industry doesn't need is more government interference.

Overbooking was a profitable strategy in the past. Delta's decision to raise maximum DB compensation is going to make it unprofitable because every dirtbag in the US will now be looking for $10k to give up their seat.

The problem is the demand is exceeding supply. We can add capacity, raise prices, or do both. I'm in favor of doing both. We don't even need to 'raise' ticket prices; all we need to do is change the number of seats available in each fare bucket. We shouldn't even be selling tickets in the G, K, or L fare buckets right now.
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Old 04-17-2017 | 01:48 PM
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Originally Posted by Andy
Don't think out load; it's a half baked idea. What this industry doesn't need is more government interference.



Overbooking was a profitable strategy in the past. Delta's decision to raise maximum DB compensation is going to make it unprofitable because every dirtbag in the US will now be looking for $10k to give up their seat.



The problem is the demand is exceeding supply. We can add capacity, raise prices, or do both. I'm in favor of doing both. We don't even need to 'raise' ticket prices; all we need to do is change the number of seats available in each fare bucket. We shouldn't even be selling tickets in the G, K, or L fare buckets right now.


The government doesn't have to get involved for airlines to stop the overbooking policy. Or maybe it'll be part of the settlement agreement on the pending lawsuit?
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Old 04-17-2017 | 01:58 PM
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Originally Posted by Nevjets
The government doesn't have to get involved for airlines to stop the overbooking policy. Or maybe it'll be part of the settlement agreement on the pending lawsuit?
They'll stop overbooking when it's not profitable. We don't need government interference.

And frankly, all of this is a management yield decision. We're paid to move metal from point A to point B, not come up with brain dead suggestions.

I doubt the lawsuit will ever see a courtroom; Dr Dao has a LOT of well documented personality issues in his background that are pertinent.
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Old 04-17-2017 | 02:08 PM
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Originally Posted by ugleeual
UAL was up 2.5% today and that was before the earnings report after market closed today... and yes, I've made some money trading airline stocks...
You actually find ual fluctuating 8$ per week?
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Old 04-17-2017 | 02:53 PM
  #27  
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Originally Posted by syd111
You actually find ual fluctuating 8$ per week?
It happened just this past week from Tue to Tue... went from 72 to a low of 68 and back up to 71 today...
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Old 04-17-2017 | 03:50 PM
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Originally Posted by Andy
They'll stop overbooking when it's not profitable. We don't need government interference.

And frankly, all of this is a management yield decision. We're paid to move metal from point A to point B, not come up with brain dead suggestions.

I doubt the lawsuit will ever see a courtroom; Dr Dao has a LOT of well documented personality issues in his background that are pertinent.


Like I said in my post you quoted, the government doesn't have to get involved for the overbooking policy to change. And like I also said in my post you quoted, a settlement, meaning it doesn't reach a courtroom, may involve changes in policy as well, despite anyone's irrelevant personality issue. Those are the only two points I made in my post.

Brain dead?
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Old 04-17-2017 | 04:34 PM
  #29  
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Originally Posted by Nevjets
Like I said in my post you quoted, the government doesn't have to get involved for the overbooking policy to change. And like I also said in my post you quoted, a settlement, meaning it doesn't reach a courtroom, may involve changes in policy as well, despite anyone's irrelevant personality issue. Those are the only two points I made in my post.

Brain dead?
No, it was just such a brain dead concept that an individual's civil lawsuit against a company would include overbooking restrictions. Can you cite any previous case law where a corporate policy changed due to restrictions in a civil lawsuit made by an individual (not class action)?
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Old 04-18-2017 | 05:35 AM
  #30  
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Originally Posted by Andy
No, it was just such a brain dead concept that an individual's civil lawsuit against a company would include overbooking restrictions. Can you cite any previous case law where a corporate policy changed due to restrictions in a civil lawsuit made by an individual (not class action)?
I thought overbooking wasn't even the problem for this flight, just that a crew showed at the last minute as must-rides so they had to find the seats to accomodate DH's after the flight had already boarded.
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