Economist | Police drag a man from a United Airlines plane
Within the past couple weeks, the media had a frenzy regarding one of the nations’ air carrier United Airlines decision on customer removal. The airline experienced an overbooking situation which is not uncommon within the airline industry and solicit volunteers to give up their seats for a monetary amount. The airline industry continues to be a very lucrative market especially since the cost of fuel is low. Additionally, emerging markets and globalization has led to an increase demand for air travel. While the airlines often make profitable gains from overbooking, the situation can be a big inconvenience for passengers who are solicited. Working for an airline has provided the necessary knowledge as it relates to overbooking. Many people view this has a bad thing but for the airlines it makes the most sense from an economic stance. When customers often book flights, they may choose their seats, but in actuality on some airlines, that seat is not guaranteed. Instead, a passenge...