Panic in paradise: Are high fares the new reality for Hawaii? On March 31, 2008, Hawaii lost

Question:

Panic in paradise: Are high fares the new reality for Hawaii?

On March 31, 2008, Hawaii lost 15 percent of its air service as Aloha Airlines and the cheap-flight airline ATA suddenly shut down. Stranded travelers were offered flights to West coast cities at $1,000 one way. Within a month, the fare to west coast cities dropped to about $200 a round trip. Stranded travelers complained of price gouging.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Essential Foundations Of Economics

ISBN: 9780316512329

6th Edition

Authors: Robin Bade, Michael Parkin

Question Posted: