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536. Is Your Plane Ticket Too Expensive — or Too Cheap?

Freakonomics Radio

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Travel Transformed: From Luxury to Accessibility

Air travel has undergone a significant transformation, evolving from a luxury primarily accessible to the wealthy to a more ubiquitous service. In the past, limited routes and government-controlled pricing restricted the number of travelers, resulting in planes often flying at only 50% capacity. Today, widespread access and increased competition have opened air travel to a much larger audience.

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