This is getting out of hand..

Sep 5, 2017 10:45 PM

TittySprlnkIes

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273336

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7584

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594

This is getting out of hand..

Do we not teach supply and demand in schools anymore?

8 years ago | Likes 2 Dislikes 0

Good thing there are ample choices in the airline industry so you can stick it to them by choosing other airlines, oh wait.

8 years ago | Likes 3 Dislikes 1

no one is going to miami. But you want them to send empty planes(no revenue) to miami so people can take them away for the same price..

8 years ago | Likes 2 Dislikes 0

I just checked flights - £73 - that isn't excessive.

8 years ago | Likes 2 Dislikes 0

I'm overseas with no bag thanks to Delta. Every employee I've spoken with doesn't give a shit. Same clothes, day 5

8 years ago | Likes 2 Dislikes 0

Not related to the original post, but I hear the word 'Delta' and I need to vent

8 years ago | Likes 2 Dislikes 0

There's more to this story, she called Delta & got a cheaper fare. @OP you should report the full story, not just parts.

8 years ago | Likes 105 Dislikes 5

That would require reading something besides random pics on the internet.

8 years ago | Likes 4 Dislikes 0

8 years ago | Likes 40 Dislikes 1

She probably called them after ok

8 years ago | Likes 2 Dislikes 6

She called them after, then reported that delta gave her a good deal, & then a couple hours later this post was originally made here.

8 years ago | Likes 2 Dislikes 0

SUPPLY AND DEMAND IS NORMAL MOTHER FUCKERS. IF THERE WERE NO EMERGENCY PRICES WOULD BE SAME. SAME WITH THE WATER GUYS.

8 years ago | Likes 9 Dislikes 4

WHY ARE WE YELLING

8 years ago | Likes 1 Dislikes 0

WE HAVE DEVOLVED AND ITS THE ONLY WAY TO GET PEOPLE TO HEAT YOU

8 years ago | Likes 1 Dislikes 0

This is what you get when you don't want the goverment to control things. You reap what you sow.

8 years ago | Likes 2 Dislikes 0

Yeah, look at the rail system in the UK....

8 years ago | Likes 1 Dislikes 0

She has an updated tweet that says they took care of the problem.

8 years ago | Likes 2 Dislikes 0

I'm just going to leave this here:

8 years ago | Likes 43 Dislikes 0

A screenshot from those baiting specials I see? Clever...not

8 years ago | Likes 1 Dislikes 15

Actually, that was directly from their website's flight search. The 7th is now sold out, but 8th is $321.

8 years ago | Likes 9 Dislikes 0

this^ they use an automated system based on supply/demand that determines price, they adjusted the prices back once they skyrocketed

8 years ago | Likes 17 Dislikes 0

Has anyone actually vetted This? Or have we learned nothing in the last year?

8 years ago | Likes 4 Dislikes 1

uh-oh she's talking about jacking and airplanes at the same time, someone better alert homeland security

8 years ago | Likes 305 Dislikes 10

Re Jacking... the Mile High Solo Club?

8 years ago | Likes 1 Dislikes 0

While certainly illegal, I don't think *that* is one of DHS's primary concerns ...

8 years ago | Likes 2 Dislikes 0

TS muthafuckin A. Because we handle shit.

8 years ago | Likes 2 Dislikes 1

letting people be fondled by the mentally challenged since 2001!

8 years ago | Likes 4 Dislikes 0

And it's not the good kind of lubed-up-TSA-private-search jacking, either....

8 years ago | Likes 21 Dislikes 1

I guess we'll just have to find somewhere else to get felt up by the mentally challenged then :(

8 years ago | Likes 6 Dislikes 2

This guy fucks

8 years ago | Likes 1 Dislikes 0

"You can't say bomb on an airplane" "why not? Bomb bomb bomb, bomb bomb bobomb"

8 years ago | Likes 2 Dislikes 0

I totally want that as I read it. thanks!

8 years ago | Likes 1 Dislikes 0

Anytime my friend

8 years ago | Likes 2 Dislikes 0

Put her name on the no-fly list, and she will never have to complain about air ticket prices again. Ever.

8 years ago | Likes 9 Dislikes 0

a side note: Waterboarding a Guantanamo Bay sounds like a really nice vacation if you have no idea what ether of those things are

8 years ago | Likes 5 Dislikes 3

Good comment. Although this was stolen from a comedian.

8 years ago | Likes 2 Dislikes 0

I got an original one. So, what's the deal with airline food?

8 years ago | Likes 1 Dislikes 0

Its fake news you nerds...

8 years ago | Likes 2 Dislikes 0

Maybe, just maybe, a bunch of people want to leave?

8 years ago | Likes 2 Dislikes 0

Do you work for the same shitty internet PR firm as @Digginsthomas ?

8 years ago | Likes 2 Dislikes 0

"Because we're Delta Airlines and life is a fucking nightmare"

8 years ago | Likes 8 Dislikes 7

You're a little fat girl, aren't you?

8 years ago | Likes 2 Dislikes 0

We're going to frame you for murder!

8 years ago | Likes 4 Dislikes 0

I-75 to I-10

8 years ago | Likes 5 Dislikes 0

8 years ago | Likes 64 Dislikes 4

Too soon

8 years ago | Likes 5 Dislikes 3

8 years ago | Likes 5 Dislikes 0

a meme before its time

8 years ago | Likes 4 Dislikes 0

Did Martin Shkreli buy Delta?

8 years ago | Likes 3 Dislikes 0

Jesus, I flew from Pennsylvania half way around the fucking world to Australia and my ticket wasn't even HALF that.

8 years ago | Likes 3 Dislikes 0

This is misleading, I just checked prices and they are mostly the same. $338 to lax, $290 to New York.

8 years ago | Likes 5 Dislikes 0

I work in a airline call center. Flts from MCO are completely sold out. That's probably the cost of DL first class ticket. All that's left.

8 years ago | Likes 4 Dislikes 0

Word of advice:. Avoid Spirit Airlines if you can. Spirit Airlines sucks dick

8 years ago | Likes 15 Dislikes 0

They are CHEAP AND SUCK DICK!!!! SIGN ME UP

8 years ago | Likes 3 Dislikes 0

But dick sucking sounds like something I would be interested in.

8 years ago | Likes 16 Dislikes 0

8 years ago | Likes 2 Dislikes 0

I have never heard a good thing said about Spirit Airlines

8 years ago | Likes 1 Dislikes 0

Spirit got ~ 100 people out of Houston, on pretty much the last flight that left.

8 years ago | Likes 1 Dislikes 0

I took my whole family from CA to Houston on Spirit and it was perfectly pleasant and saved us like $200.

8 years ago | Likes 4 Dislikes 0

Clearly you aren't a dick owner...

8 years ago | Likes 2 Dislikes 0

Student here, they're cheap as fuck. If you're broke and don't give a shit about service Spirit is great. Detroit-Boston is $100 round trip.

8 years ago | Likes 2 Dislikes 0

This is called demand and supply and not giving a shit.

8 years ago | Likes 20 Dislikes 10

More like the system did it automatically. If you flood airline systems with purchasing they spike incredibly high.

8 years ago | Likes 12 Dislikes 0

Still technically correct since automated systems do not "give a shit".

8 years ago | Likes 1 Dislikes 0

I am gonna tough Irma out, wish me luck comrades.

8 years ago | Likes 18 Dislikes 0

Aaaah. Good luck, stranger. Stay safe.

8 years ago | Likes 2 Dislikes 0

That's unwise but I understand it's not a perfect world and you may not have another reasonable option. Please stay safe

8 years ago | Likes 8 Dislikes 0

I wish you the best of luck. If all else fails, don't forget to dig a safety hole.

8 years ago | Likes 3 Dislikes 0

RIP

8 years ago | Likes 4 Dislikes 1

It's easy to tough out, so long as you're not in its path.

8 years ago | Likes 2 Dislikes 0

glhf

8 years ago | Likes 2 Dislikes 0

Have you got an umbrella?

8 years ago | Likes 11 Dislikes 0

Two of 'em!

8 years ago | Likes 8 Dislikes 0

Ah you'll be fine then

8 years ago | Likes 7 Dislikes 0

Tickets prices are an automated system that responds to supply an ddem

8 years ago | Likes 3072 Dislikes 67

Yet they have a controller that should be locking prices during certain events.

8 years ago | Likes 2 Dislikes 0

This how required books in college work...

8 years ago | Likes 6 Dislikes 0

it's not made of magic, human beings write the parameters and limits.

8 years ago | Likes 5 Dislikes 1

.. So? That doesn't mean prices can't be manually adjusted whenever the hell they want.

8 years ago | Likes 3 Dislikes 0

totally right

8 years ago | Likes 1 Dislikes 0

I'm not sure I can accept that as an excuse. Couldn't they easily adjust said automation due to hurricane? Or would they be afraid of it....

8 years ago | Likes 2 Dislikes 0

Becoming a slippery slope?

8 years ago | Likes 2 Dislikes 0

I also responde to a system of "supply an ddem tittahs".

8 years ago | Likes 6 Dislikes 2

Damn you Ddem! Does your price gouging no no limits?!

8 years ago | Likes 2 Dislikes 0

Yea I figured this was bs or something, the bad PR from a move like that would cost them way more than theyd make

8 years ago | Likes 15 Dislikes 0

This is true, but it wouldn't be unreasonable to assess they could set an upper limit....

8 years ago | Likes 5 Dislikes 0

Why would they? Last seats are reserved for the people that don't want to wait another minute and are prepared to pay for it.

8 years ago | Likes 4 Dislikes 0

Because it's a PR nightmare and everytime they are called out on it they have to say "it's an automated system" and they

8 years ago | Likes 2 Dislikes 0

does this mean there are super cheap flights to miami right now that you could purchase then reschedule for when it's safe?

8 years ago | Likes 3 Dislikes 0

Something similar happened during an attack in Sydney Uber was charging like $500 to leave the city.

8 years ago | Likes 6 Dislikes 0

This also goes for online stores, if an item get many hits quickly it will increase in price.

8 years ago | Likes 3 Dislikes 1

Not most stores, but yes for some of the big ones that don't have showrooms.

8 years ago | Likes 2 Dislikes 0

Here in sweden its pretty much all of them. The ones with physical stores are even worse because they can afford to be expensive online.

8 years ago | Likes 2 Dislikes 0

You think they don't have a revenue manager? Less automated than you think

8 years ago | Likes 5 Dislikes 19

I'm sure they have a team of people. But if a bunch of tickets at a certain place and time are bought quickly the computer system will react

8 years ago | Likes 8 Dislikes 1

...before any manual adjustments happen.

8 years ago | Likes 7 Dislikes 1

Robots are taking the jobs of amoral capitalists!

8 years ago | Likes 64 Dislikes 4

Dey took our jerbs!

8 years ago | Likes 5 Dislikes 0

Yea! By the words of the great electrosaint Elon Musk we have been warned and now we behold our comeupance! DOOOOOOOM I SAY

8 years ago | Likes 11 Dislikes 0

Doesn't matter. Once you buy the ticket the price shouldn't change.

8 years ago | Likes 5 Dislikes 7

I think this is how it works. The message says 'book now' which suggests there was no previous booking.

8 years ago | Likes 4 Dislikes 0

nice excuse..

8 years ago | Likes 5 Dislikes 8

Delta you work there dont you

8 years ago | Likes 3 Dislikes 10

Nope.

8 years ago | Likes 2 Dislikes 2

riiiiiiight

8 years ago | Likes 2 Dislikes 4

that doesn't make it ok

8 years ago | Likes 3 Dislikes 5

You sound like a Libertarian the "free market" is a myth & concept of people its a failure & not of nature. Why so many treat it as a deity?

8 years ago | Likes 3 Dislikes 20

Everything's great in theory, but people aren't perfect. There are plenty of people willing to abuse markets and should be punished for it.

8 years ago | Likes 3 Dislikes 1

Indeed Libertarianism like Communism doesnt account for people being people. I agree with them an most social & foreign policies though.

8 years ago | Likes 3 Dislikes 1

Things like fraud and criminal negligence would still be illegal in a libertarian system, though.

8 years ago | Likes 3 Dislikes 0

Pricing based on supply and demand is basic economics. Of course you can choose in factor in other things, if you so choose or due to regs

8 years ago | Likes 7 Dislikes 0

What's wrong with libertarians? Real question.

8 years ago | Likes 5 Dislikes 1

They would sacrifice all to the "free market," nothing should be regulated, no or virtually no taxes, and no corporate accountability.

8 years ago | Likes 4 Dislikes 3

The law of supply and demand, we are all it's bitch.

8 years ago | Likes 32 Dislikes 4

Make it your bitch and you will make money.

8 years ago | Likes 2 Dislikes 0

I agree. It is quite the bitch

8 years ago | Likes 4 Dislikes 0

Yes, but we can be free comrade.

8 years ago | Likes 13 Dislikes 1

We can all be free to not go anywhere while our commissars take the flights for the glorious people, struggling in our place.

8 years ago | Likes 3 Dislikes 0

Lol

8 years ago | Likes 5 Dislikes 0

demand. Wow imgur gliched out on me in the middle of typing that.

8 years ago | Likes 946 Dislikes 28

So, price gouging in the face of a disaster is OK as long as a lot of people want something scarce? If it was gas or food you'd be angry...

8 years ago | Likes 4 Dislikes 4

I didn't say it was OK. It should be manually adjusted. Just a possibility in this case without intent unlike often with gas or food.

8 years ago | Likes 8 Dislikes 0

Thought you were having a stroke.

8 years ago | Likes 21 Dislikes 1

A keystroke.

8 years ago | Likes 3 Dislikes 0

Yes. There was a similar problem during fort mac evacuations.

8 years ago | Likes 2 Dislikes 0

even your keyboard knows that's some sick shit, and your keyboard has seen some sick shit.

8 years ago | Likes 2 Dislikes 0

Or you may have had a small stronk.

8 years ago | Likes 10 Dislikes 0

call a bondulance!

8 years ago | Likes 3 Dislikes 0

Because even imgur doesn't like rationalizations.

8 years ago | Likes 3 Dislikes 0

8 years ago | Likes 255 Dislikes 8

Titty Sprinkles <3

8 years ago | Likes 5 Dislikes 2

8 years ago | Likes 9 Dislikes 0

8 years ago | Likes 62 Dislikes 0

8 years ago | Likes 2 Dislikes 0

8 years ago | Likes 20 Dislikes 0

This gif is beautiful

8 years ago | Likes 7 Dislikes 0

8 years ago | Likes 5 Dislikes 0

8 years ago | Likes 4 Dislikes 0

8 years ago | Likes 12 Dislikes 1

That's not DL's website, and it was a glitch that's already fixed.

8 years ago | Likes 831 Dislikes 21

But that conflicts with my carefully constructed narrative!

8 years ago | Likes 2 Dislikes 0

Found delta's incognito profile. ^

8 years ago | Likes 23 Dislikes 13

Not Delta, legally. Just probably a third party social media liaison.

8 years ago | Likes 2 Dislikes 1

Shit, I wish. They probably pay better than being a call center manager.

8 years ago | Likes 1 Dislikes 0

Mos def

8 years ago | Likes 1 Dislikes 0

There are always glitches when money is involved. They don't get recoded untill found out by public... no I don't believe it was a glitch

8 years ago | Likes 11 Dislikes 7

wasnt a glitch, the price is determined automatically by demand and how close to departure, they fixed this within minutes>

8 years ago | Likes 6 Dislikes 1

"Fixed" to just under 2K per ticket, cuz that's completely reasonable.

8 years ago | Likes 75 Dislikes 22

Still over a 100% increase.

8 years ago | Likes 2 Dislikes 2

last minute flights are a big no no for poor people like us, always.

8 years ago | Likes 37 Dislikes 1

Have you ever booked a flight for the next day?

8 years ago | Likes 22 Dislikes 1

8 years ago | Likes 9 Dislikes 0

Still cheaper than before deregulation, both in real and inflation-adjusted dollars.

8 years ago | Likes 2 Dislikes 0

Oh shut the fuck up. It's always that why when you fly past minute. Go start an airline.

8 years ago | Likes 18 Dislikes 9

Maybe we will! That'll show you

8 years ago | Likes 8 Dislikes 1

With black jack and hookers!

8 years ago | Likes 6 Dislikes 0

Infact, forget the airline!

8 years ago | Likes 4 Dislikes 0

Isn't this sort of process gouging in a time of crisis illegal?

8 years ago | Likes 335 Dislikes 42

in a pure capitalist country? hell no. You gotta take advantage of every situation to make money. No matter the price.

8 years ago | Likes 1 Dislikes 1

With 45 in the White House? Surely you jest...

8 years ago | Likes 1 Dislikes 0

Not before anything happens

8 years ago | Likes 1 Dislikes 0

The same thing happens with Uber after any disaster. It's an automated system that they try to fix ASAP because they don't want the bad pres

8 years ago | Likes 29 Dislikes 1

Bunk (to the ASAP part). It's As Soon As We Got Caught. Programming the system to 'freeze' the price at a certain multiplier that 1/x

8 years ago | Likes 2 Dislikes 0

would be likely to only be hit during a crisis should be easy enough to set up. Add in an auto red-flag system so that such situations 2/x

8 years ago | Likes 3 Dislikes 0

are caught before they get to the social media stage. But that might interfere with insane profits, so they don't do it. 3/3

8 years ago | Likes 2 Dislikes 0

Or the massive governmental fines.

8 years ago | Likes 6 Dislikes 1

You mean like our gas prices going up by almost 25%?

8 years ago | Likes 17 Dislikes 4

No thats because a huge amount of our oil and gas refining is on the gulf coast.

8 years ago | Likes 2 Dislikes 5

That's fine. As expected. Not charging 6.5x more than normal.

8 years ago | Likes 3 Dislikes 0

What's great is that California has their own blend of gas, and those prices went up too.

8 years ago | Likes 7 Dislikes 0

Canadian here. Highest hike in 9 years. Even at companies that refine Canadian crude in Canada and sell in Canada. I don't see no hurricane.

8 years ago | Likes 4 Dislikes 0

That is rationalized by harder ingress if supplies and (more accurately) loss of local supplies.

8 years ago | Likes 1 Dislikes 0

Gas prices went up because a large amount of American refineries (about 25%) were closed during the hurricane, for obvious safety reasons.

8 years ago | Likes 4 Dislikes 2

That and people are buying a ton of gas. So why not meet prices with demand?

8 years ago | Likes 2 Dislikes 1

That's reality, not price gouging.

8 years ago | Likes 1 Dislikes 0

That's because Harvey has disrupted gas production

8 years ago | Likes 9 Dislikes 3

IF BERNIE SANDERS WAS PRESIDENT HE WOULD HAVE FIXED THIS ALREADY AND EVERYONE WOULD HAVE A FREE ELECTRIC TESLA!

8 years ago | Likes 4 Dislikes 8

[deleted]

[deleted]

8 years ago (deleted Sep 6, 2017 4:05 AM) | Likes 0 Dislikes 0

Because that has runs out, and more has to be produced and shipped. Do you think your gas station has infinite supply?

8 years ago | Likes 3 Dislikes 1

nigga did you go full retard?

8 years ago | Likes 3 Dislikes 1

Yes. But what is "illegal" anyway. Can't we just call it capitalism?

8 years ago | Likes 10 Dislikes 8

During times of crisis you can only raise the price 'X' percentage. Unfortunately that usually leads to them running out sooner-->shortages

8 years ago | Likes 1 Dislikes 0

...What? We put restrictions on markets and acceptable transactions all the time in the interest of increasing social surplus. It's 1/

8 years ago | Likes 3 Dislikes 1

illegal because we, as a society, have chosen exploiting the vulnerabilities of those in times of crises via price gouging be banned. 2/2

8 years ago | Likes 2 Dislikes 1

It takes months to increase flight schedules even marginally. This isn't price gourging. This is limited resources responding to hugh demand

8 years ago | Likes 3 Dislikes 0

The very definition of price gouging is "The practice of raising prices on certain types of goods and services to an unfair level, 1/

8 years ago | Likes 1 Dislikes 0

As an Economist: Unfortunately yes.

8 years ago | Likes 12 Dislikes 8

You must turn in your economist card immediately. There is no such thing as price gouging. Sheesh!

8 years ago | Likes 1 Dislikes 1

And as a Pineapple Fucker...?

8 years ago | Likes 5 Dislikes 0

Would you rather there was a shortage. Sorry bitch, but when demand freaks out, price rises. This rising price probably also induced Delta

8 years ago | Likes 10 Dislikes 6

to cancel other routes so they can add planes leaving the hurricane area. They are responding to the market, you aren't special.

8 years ago | Likes 8 Dislikes 6

I like this. People don't seem to understand market. Most people don't care about you, just your money. You want gas more you pay more lol

8 years ago | Likes 1 Dislikes 0

You don't simply "add flights". It takes months to increase flight schedules even marginally. Routes do not bend to demand surges.

8 years ago | Likes 4 Dislikes 0

I don't see why that would be when they regularly shift everything for snowstorms. Regulation? Seems like easy money.

8 years ago | Likes 2 Dislikes 0

I'm not sure about your pineapple issues, but you sound like a decent economist.

8 years ago | Likes 4 Dislikes 0

"Cancel routes" to "add planes" in response? The fuck you talking about?This is the airline industry,not walmart diverting shipments of milk

8 years ago | Likes 2 Dislikes 0

Yes. And I'm sure happened automatically from their system, and I'm sure it was corrected shortly after.

8 years ago | Likes 323 Dislikes 6

It was

8 years ago | Likes 1 Dislikes 3

some parole boards. You get nothing and you don't get to know why and you can't object (4/fin)

8 years ago | Likes 23 Dislikes 7

Yourself (4)

8 years ago | Likes 6 Dislikes 1

You would think it's difficult

8 years ago | Likes 2 Dislikes 0

And you can do it, too. I haven't had to work for months (4)

8 years ago | Likes 4 Dislikes 0

how it was made, and that would be violating the companies copyright. Insurance companies are already making decisions this way, as are (3)

8 years ago | Likes 13 Dislikes 6

To (3)

8 years ago | Likes 3 Dislikes 0

Sorry (1)

8 years ago | Likes 1 Dislikes 1

You don't need to know HOW the price was set, merely that it was $X before the hurricane, and $Y after.

8 years ago | Likes 3 Dislikes 0

It may very well be, but this is an airline company. They haven't earned the benefit of the doubt.

8 years ago | Likes 3 Dislikes 0

They're not the only way out of Miami, and they are a business with limited resource that they can charge whatever they want for.

8 years ago | Likes 2 Dislikes 0

Like if a store jacked the price of soda in a crisis but not water. Sure the nicer thing is obscenely overpriced, but its not a necessity.

8 years ago | Likes 1 Dislikes 0

Not that it would have to be. If it was based on an automated process they could claim it's proprietary software so nobody can look into(1)

8 years ago | Likes 22 Dislikes 7

Yeah but you can call the ticketing counter

8 years ago | Likes 1 Dislikes 0

Please (1)

8 years ago | Likes 4 Dislikes 0

"Kill the lawyer!- Rufio

8 years ago | Likes 4 Dislikes 0

Doesn't matter if it's proprietary or not: if it's performing illegal actions, they're liable.

8 years ago | Likes 2 Dislikes 0

it and anybody affected would lose all right to appeal or bring any legal challenge to it because to appeal the decision you have to know(2)

8 years ago | Likes 13 Dislikes 6

Respond (2)

8 years ago | Likes 2 Dislikes 0

The State Attorney General will have a different take on that. And believe me, they WILL get the answer. Besides, the price is screenshot'd

8 years ago | Likes 6 Dislikes 0

Of course, in this particular instance I'm probably wrong. This situation is high profile enough that they'll be willing to push it

8 years ago | Likes 2 Dislikes 1

It isn't about the price, it's about WHY the price was hiked. You can't appeal a decision if you don't know why it's made

8 years ago | Likes 2 Dislikes 1

Sure you can, the FCC, Consumer Protection Agency, and DOJ do it all the time (the burdens are high, so it's not common necessarily, but 1/

8 years ago | Likes 1 Dislikes 0

Nobody here understands supply and demand. That's only a functional system in a case like this if supply can be increased.

8 years ago | Likes 37 Dislikes 8

You don't understand exaggeration's effect on your comments. And you are oversimplifying. And prices can be increased only if bosses want.

8 years ago | Likes 1 Dislikes 4

8 years ago | Likes 2 Dislikes 0

No, we get it. However, supply-demand economies are evil when the situation is life or death. It basically says that you die for being poor.

8 years ago | Likes 7 Dislikes 7

Well until you come up with a better system.for distributing limited resources we'll stick with what we have

8 years ago | Likes 2 Dislikes 2

I have. It's called "don't jack up prices when lives are on the line or the government will smack you with fines." So, what we're doing now.

8 years ago | Likes 1 Dislikes 1

Price ceilings then create black markets. The highest bidder or most connected person still gets hooked up.

8 years ago | Likes 1 Dislikes 1

I guess I don't understand. Can you explain?

8 years ago | Likes 5 Dislikes 0

Commenters think it's okay "because supply and demand." In a functional supply/demand system, a surge in demand causes prices to increase...

8 years ago | Likes 2 Dislikes 0

...which causes supply to increase in turn. However, because supply in this case is constrained, airlines can charge basically whatever...

8 years ago | Likes 2 Dislikes 0

they want. It's exploitative and not part of a productive system that will respond with increased supply.

8 years ago | Likes 1 Dislikes 0

so what process would they use other then increased cost to determine who gets the limited supply?

8 years ago | Likes 1 Dislikes 0

A whole bunch of ppl all of a sudden trying to buy plane tix will lead to higher prices... Pretty simple.

8 years ago | Likes 9 Dislikes 0

That part I understand.

8 years ago | Likes 3 Dislikes 0

The number of seats on the flight (supply) is a fixed value. Lowering the price of each seat wouldn't allow more people to get out.

8 years ago | Likes 3 Dislikes 0

Specific to flights: it is impossible to raise the amount of flight coming out of one airport immediately. It takes months.

8 years ago | Likes 3 Dislikes 1

Airlines 'rent' gate space and service booths. Increasing capacity necessitates planning within delta, with the FCC and with the airport

8 years ago | Likes 4 Dislikes 0

So delta can't fly more planes out. They've got five tickets left. By what system do they determine who gets these? First come first serve?

8 years ago | Likes 5 Dislikes 0

(Warning: Very Long) Supply and demand. In an ideal world (keywords): More people want to buy a thing all of a sudden, 1/?

8 years ago | Likes 1 Dislikes 0

prices will go up which decreases demand, enabling the company to make more money for the same amount of supply (eg: capitalizing). 2/?

8 years ago | Likes 1 Dislikes 0

Don't give me this 'all of a sudden prices go up' crap. There is no need to decrease demand. It is simply and undeniably greed.

8 years ago | Likes 2 Dislikes 2

Read the full thing. If you did you'd see I was describing the "theory", not the actuality.

8 years ago | Likes 2 Dislikes 1

Then in this ideal world, with the extra profits the company will increase their supply (expanding) which leads to a decrease in demand 3/?

8 years ago | Likes 1 Dislikes 0

(proportionally) and then a subsequent drop in price to increase demand. HOWEVER: this is assuming an ideal world. 4/?

8 years ago | Likes 1 Dislikes 0

I believe his argument is that we should only allow market forces to work in cases where it's possible for suppliers to enter the market (1)

8 years ago | Likes 3 Dislikes 0

Though we should note that that principle doesn't hold in this case. Supply is constrained by fleets and landing slots, and in the short 1/

8 years ago | Likes 1 Dislikes 0

run (that is, over the duration of the demand spike), completely inelastic. Market forces are unable to muster a supply expansion, and 2/

8 years ago | Likes 1 Dislikes 0

all we can expect to see in this case is a shift in social surplus from consumers to producers. 3/3

8 years ago | Likes 1 Dislikes 0

in response to rising prices, i.e. where both suppliers and consumers can change their behavior in response to incentives. (2/2)

8 years ago | Likes 3 Dislikes 0

Oh, my bad, just re-read your response and realized we're saying the same thing (sorry, I misunderstood your emphasis with the "only," 1*

8 years ago | Likes 1 Dislikes 0

that's my bad). Sorry! You're totally on point here 2*2

8 years ago | Likes 1 Dislikes 0

If prices aren't allowed to temporarily rise, there's little incentive to increase supply to service that demand, allowing prices to lower.

8 years ago | Likes 3 Dislikes 0

Not really though- as this isn't an "ideal" market. Delta owns a certain number of landing slots at MIA, and cannot artificially 1/

8 years ago | Likes 1 Dislikes 1

increase the supply in response to prices. In the short run (up to years, depending on the availability of new slots) quantities are 2/

8 years ago | Likes 1 Dislikes 0

strictly fixed. There is no supply response in this case, and the prices equalize only thanks to a decrease back to equilibrium demand. 3/3

8 years ago | Likes 1 Dislikes 0

It's almost as if when you spend decades telling businesses they only need to care about seeking profit under any circumstances and at any

8 years ago | Likes 303 Dislikes 66

Like the groceries folk selling water at 5$ or shovel at 50$, "its matter of demand, shortage, blah blah blah"

8 years ago | Likes 2 Dislikes 1

Or that its automated per demand, and delta fixed it very quickly?

8 years ago | Likes 18 Dislikes 1

Yep. It's enshrined in law that they have to seek the greatest gain for shareholders. It conflicts directly with being decent to people.

8 years ago | Likes 52 Dislikes 11

No

8 years ago | Likes 1 Dislikes 2

Anti-Reagan mic-drop

8 years ago | Likes 9 Dislikes 12

Yeah but you've got a guy in charge who is going to change all that don't worry

8 years ago | Likes 8 Dislikes 3

right? if theres one thing trump isnt its a money hungry monster who would murder a baby if it made him a quick profit! oh.... oh fuck.

8 years ago | Likes 3 Dislikes 0

It's almost as if businesses understand shortages, and supply and demand curves better than irate internet picture whorers.

8 years ago | Likes 5 Dislikes 3

Would you rather there was a shortage. Sorry bitch, but when demand freaks out, price rises. This rising price probably also induced Delta

8 years ago | Likes 3 Dislikes 1

to cancel other routes so they can add planes leaving the hurricane area. They are responding to the market, you aren't special.

8 years ago | Likes 3 Dislikes 1

Funny how a profit-seeking, amoral commercial enterprise doesn't follow moral guidelines in order to make a profit.

8 years ago | Likes 6 Dislikes 4

Wrong

8 years ago | Likes 1 Dislikes 2

Not saying you can't follow moral guidelines and make a profit, but it doesn't shock me a corporation doesn't

8 years ago | Likes 1 Dislikes 0

Your one word responses are useless. If you have something to say, say it, or shut up.

8 years ago | Likes 4 Dislikes 1

Correct

8 years ago | Likes 1 Dislikes 0

cost to anybody else they'll feel zero social responsibility

8 years ago | Likes 170 Dislikes 27

weird how that works...

8 years ago | Likes 12 Dislikes 4

Way to make everything political. This was an automated system working off of simple supply and demand. The issue has already been addressed

8 years ago | Likes 5 Dislikes 0

And what have you done to help?

8 years ago | Likes 1 Dislikes 0

Would you rather there was a shortage. Sorry bitch, but when demand freaks out, price rises. This rising price probably also induced Delta

8 years ago | Likes 2 Dislikes 1

to cancel other routes so they can add planes leaving the hurricane area. They are responding to the market, you aren't special.

8 years ago | Likes 2 Dislikes 1

q in the people calling you a socialist.

8 years ago | Likes 19 Dislikes 8

I was prepared for exactly that, to be honest I'm quite surprised at how positive the response has actually been

8 years ago | Likes 5 Dislikes 2

1/2 There's a great story of an analyst who gave a seminar at a financial services meet-up telling a room full of CDO Bond Traders in like

8 years ago | Likes 5 Dislikes 1

2/2 2006 that they'd gotten so caught up in their potential growth they'd totally forgotten about the entire other half of investing: Risk.

8 years ago | Likes 5 Dislikes 1

Aren't the pricing for plane tickets automated?

8 years ago | Likes 8 Dislikes 0

Someone wrote the software that does it

8 years ago | Likes 2 Dislikes 1

And so by what mechanism should we then determine who gets the "one" remaining seat? First come first serve? The winner of a fist fight?

8 years ago | Likes 2 Dislikes 0

Scenario: 1 person lives, 10,000 die. My question isn't how YOU answer. How to keep society from destroying itself under that circumstance?

8 years ago | Likes 1 Dislikes 2

It's no wonder why so many are depressed.

8 years ago | Likes 14 Dislikes 6

You mean I can stop blaming my failures, shortcomings in life and social awkwardness causing me to be an outcast in most circles? Sweet.

8 years ago | Likes 7 Dislikes 2

You are a victim of society.

8 years ago | Likes 5 Dislikes 3

By contradicting you? So far he is only a victim of your pity

8 years ago | Likes 1 Dislikes 1