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On 9/17/2002 3:29:46 PM UAL777flyer wrote:
Sounds like cash grab to me.
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Perhaps there's even more to it than a Bankruptcy 101 cash grab.
Could it be that the use-it-or-lose-it factor is having a noticeably negative effect on bookings? Two consequences I forsee to airlines who have decided to go with use-it-or-lose-it:
1) Will cause a revenue drain at least equal to, and probably much greater than, the so-called security hassle loss of revenue being cited by the likes of Leo Mullin and Gordon Bethune. Call it revenue loss due to the unacceptable risk factor. Wonder who Leo and Gordie will try to blame it on?
2) Yield will be weakened still further. Due to the risk inherent in use-it-or-lose-it, customers will hold out for even lower fares before taking the use-it-or-lose-it risk; and there will be no offsetting increase in the number of customers willing to be gouged for outrageous flexible fares.