Attention Economy


Sunday, July 12, 2015

Free Markets – Only in Theory

FT’s Edward Luce has an excellent piece on America’s domestic airline industry –
“Whether it is shrinking legroom, rising fares or cancelled flights, the home of aviation is now synonymous with bad service. Gulf carriers are wiping the floor with their US competitors. Asian airlines are in a different league. While US skies remain closed to others, that gap will only widen. Global aviation’s centre of gravity is shifting eastward with Washington’s passive collusion.
The continued decline of US airlines is no mystery. Wherever competition is restricted, the US economy does badly — and vice versa. With four big carriers carving out 80 per cent of domestic travel between them, service is substandard. The same applies to the US cable internet industry, which is dominated by a clutch of behemoths.”


Related:
Rankings from Travel & Leisure magazine
World’s Best Airlines
World’s Best Airports
http://www.travelandleisure.com/worlds-best/airports#international