The Economics of Airline Class

  Рет қаралды 11,866,737

Wendover Productions

Wendover Productions

7 жыл бұрын

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Пікірлер: 6 500
@Wendoverproductions
@Wendoverproductions 7 жыл бұрын
Sorry for doubling up on aviation videos! Normally I wouldn’t do two videos of similar topics back-to-back but the video I was going to do just ended up not being interesting enough so I scrapped the script. I didn’t have time at that point to do a research-intensive video so I decided to do this topic that I already knew a good bit about. Also I know this is a pretty loose interpretation of economics, but hey, I liked the title. Also, one clarification on something I realized might be confusing during editing: airlines absolutely had first class in the 60s and 70s. It just wasn’t anything like the long-haul first class’ you see today. It was pretty much like domestic US first class today. The impact of the Concorde was the perceived competition it created for the highest-class of traveller. Some airlines decided to close their first class cabins and not compete while others improved their cabins in order to compete. Lie-flat seats or even angle-flat seats really didn’t become ubiquitous until the last 10-15 years with the demise of the Concorde. Also, first.
@mohdodat2
@mohdodat2 7 жыл бұрын
Lol
@syogamurthy
@syogamurthy 7 жыл бұрын
rofl dude
@mohdodat2
@mohdodat2 7 жыл бұрын
Excellent Video.
@r1fromd327
@r1fromd327 7 жыл бұрын
Wendover Productions way I love your vids and don't worry I was waiting for your new vid
@Aaron7075
@Aaron7075 7 жыл бұрын
No, please do. Your Aviation Videos are your best.
@simonvavra6608
@simonvavra6608 3 жыл бұрын
Economy class in planes is the most expensive way to feel poor.
@laaaliiiluuu
@laaaliiiluuu 2 жыл бұрын
Rich for me means that you don't have to work anymore. Being born middle class in Europe or US while still having to work to make a living is not rich. It's middle class and that's far from rich.
@PhilbyFavourites
@PhilbyFavourites 2 жыл бұрын
@Bruce Wang feel my pain - I’m 6’3” (1.9m) economy (which I always travel in) is so uncomfortable for leg room for me
@Final_Act
@Final_Act 2 жыл бұрын
@Bruce Wang I can feel the jealousy and salt, but honestly you speak 100% facts. It’s actually hilarious seeing your approach presented in such a professional manner.
@terrybogard21
@terrybogard21 2 жыл бұрын
@Bruce Wang exactly. 1st class flying around the USA is a waste. Now overseas, boy that legroom feels good!
@marcind4644
@marcind4644 2 жыл бұрын
@Bruce Wang First class customers will fly also private jets, depending what's more convenient and connected, but on a long flight a first class A380 can be pretty good. I mean the actual first class at Emirates etc. Not some wannabe first class of questionable airlines. Some airlines also just aren't good - for example LH business class you can't even get a window seat with private entry and the food isn't that good. Considering the price, definitely not 5-8 times as good as economy, but if you are a $50m net-worth guy you have to spend your money somewhere. Also, the hassle free priority check-in, and lounge access where you can relax without all the hectic is also something to consider. The thing is, first class can be a relatively cheaper from some people than economy for others, I mean as percentages of their net-worth. In that case, it doesn't have to be the "absolutely best" on the market.
@monica-ioanadiac6045
@monica-ioanadiac6045 6 жыл бұрын
"Everyone in economy, in the end, is just there to fill the plane." .... ... ... ... I've been called worse.
@salvadoroars
@salvadoroars 4 жыл бұрын
Or they're just there to pay for the actual fuel price 😹
@frens_till_the_end
@frens_till_the_end 4 жыл бұрын
OwnOwnOwnOwnOwnOwn I smell Socialism...
@Hannahruda
@Hannahruda 4 жыл бұрын
I read this comment at the same time as he said it and I was like wow
@shapupapi4507
@shapupapi4507 4 жыл бұрын
Yes.
@pokemonfreaks9724
@pokemonfreaks9724 4 жыл бұрын
Little do they know, this is a win-win situation
@blacksnow5069
@blacksnow5069 2 жыл бұрын
Once upon a time, I was a lost Air Force Airman in an airport. I was in uniform fresh out of basic training...I asked this guy who was wearing a suit waiting for the same flight if I was on the right flight. He said yes, and then he took my ticket and came back with a 1st class ticket. They were offering me wine in the air and I was only 19. lol I will never forget that mans kindness...
@anujsharma3826
@anujsharma3826 4 ай бұрын
That was very nice of him! Made me feel good just by reading this.
@edenvalehome9372
@edenvalehome9372 4 жыл бұрын
Concorde may have failed economically, but from an engineering view it was unrivalled, even today.
@TheRojo387
@TheRojo387 4 жыл бұрын
We could always revamp the technology behind it. What's to say the bypass air in a modern turbofan engine couldn't be afterburned to increase thrust?
@bigmanjaffers
@bigmanjaffers 4 жыл бұрын
JRRnotTolkien Wasn't exactly the plane's fault mind you-
@bigmanjaffers
@bigmanjaffers 4 жыл бұрын
Rohan Zener and I really hope we might see this type of thing at least attempted soon :)
@edenvalehome9372
@edenvalehome9372 4 жыл бұрын
@@77l96 lol
@edenvalehome9372
@edenvalehome9372 4 жыл бұрын
@@77l96 you are funny because you missed the main point
@hadwinying6664
@hadwinying6664 4 жыл бұрын
no, we are not there to fill the flights. we are there just to make the plane balance
@zyilund
@zyilund 4 жыл бұрын
Yes, we do have a function.
@vinylman4446
@vinylman4446 4 жыл бұрын
@pine cone hey some of us are just trying to make an honest living from organ harvesting :(
@kyooongie
@kyooongie 4 жыл бұрын
pine cone and your point? some of us can afford it, or it’s the case of our companies paying for our flights in advance, and there’s nothing wrong with it
@tilio9380
@tilio9380 4 жыл бұрын
@pine cone I'm pretty grateful to the fat greedy fucks that made long distance air travel affordable to broke students like me.
@DeadKraken
@DeadKraken 4 жыл бұрын
@pine cone Well they helped get it moving. Fat Greedy Fucks were also the ones "testing" most of the early non-military flights. Them fat asses paid good money to die for our modern, better planes, gotta appreciate that lol
@xoDemie
@xoDemie 5 жыл бұрын
I was upgraded to first class when I flew for the first time alone at 16. The woman checking my boarding pass changed my seat number and I didn't realize until the flight attendant pointed me towards the front of the plane. It was an amazing experience and the flight time was over 8 hours.
@stephaniemartin-ward4578
@stephaniemartin-ward4578 3 жыл бұрын
I volunteered to give up my seat on a cross country Continental flight when I was 18. I was upgraded to first class at no charge. The flight attendant gave me a mimosa and didn't check my i.d. I fly a lot, but I'll always remember that luxurious flight. I felt like I was really getting away with something.
@frunomaol5069
@frunomaol5069 Жыл бұрын
I was upgraded to business or first, (can't recall which). The guy beside me had no shoes or socks on his smelly feet. Melbourne to maybe Abu Dabi. A selfish b@stard. I should have spoken up. You had better luck.
@waterking1013
@waterking1013 Жыл бұрын
@@frunomaol5069 would probably be business as I think first class is more of a private cabin
@frunomaol5069
@frunomaol5069 Жыл бұрын
@@waterking1013 I'll take your word for it, it was many years ago. I've always travelled cattle class, except for that smelly trip. .
@mrhater123
@mrhater123 Жыл бұрын
​@@stephaniemartin-ward4578 but did you fly in a country where age limit is 18? Us is only one with 21 I think
@klipk7296
@klipk7296 4 жыл бұрын
Can't even imagine spending 2k+ on a plane ticket, didn't realise there were so many rich people out there
@GARDENER42
@GARDENER42 4 жыл бұрын
I spend that & more every trip, in order to avoid being stuck with tiresome people who make such journeys unpleasant. Me rich? Nope - merely prudent.
@macauleyparry2367
@macauleyparry2367 4 жыл бұрын
They pay using money that's being made from their business if I recall correctly.
@msi4887
@msi4887 4 жыл бұрын
Macauley Parry Didnt realise there were so many sucessfull business owners.
@Kav.
@Kav. 4 жыл бұрын
It's probably people working for companies or upper middle class.
@msi4887
@msi4887 4 жыл бұрын
/k/avalier How is upper middleclass that rich?
@davimurph
@davimurph 2 жыл бұрын
The observation about direct flights being more expensive is really interesting. Before they got married, my cousin's husband lived in London. When he went on holiday to the USA with her family, he realised that his flights from London were far more expensive than their flights from Belfast, even though they would be crossing the Atlantic on the same plane, and their tickets included additional flights across the Irish Sea. In the end, he found it was significantly cheaper to fly from London to Belfast the day before and then fly from Belfast with his girlfriend and her family.
@jamesdinius7769
@jamesdinius7769 Жыл бұрын
Yeah, the amount of upcharge for 'direct' is pretty excessive.
@CH40s140
@CH40s140 Жыл бұрын
Also, I just have a question, did your cousin live in London with her husband or the USA??
@davimurph
@davimurph Жыл бұрын
@@CH40s140 she lived in Belfast in Northern Ireland. He eventually moved from London to Belfast before they got married.
@wolfee904
@wolfee904 8 ай бұрын
One flight I was on the newlywed couple wanted to fly United - cabin crew member wouldn't let them
@joshl4111
@joshl4111 7 ай бұрын
I’ve saved SO much money by breaking up direct routes. On one trip I took a week-long layover in Bali, and with all the accommodation and food etc I still spent LESS money than if I’d flown direct. Free holiday!
@treyforest2466
@treyforest2466 5 жыл бұрын
“In the beginning of commercial aviation, there weren’t really any classes...” *Karl Marx has joined the chat.*
@lafeo0077
@lafeo0077 5 жыл бұрын
"...everyhting was premium" Karl Marx has left the chat
@SebAnders
@SebAnders 4 жыл бұрын
Adam Smith cuffs Karl Marx with the invisible hand and drop kicks him out of the chat.
@lafeo0077
@lafeo0077 4 жыл бұрын
@@SebAnders quite violent. Mother Teresa has left the chat.
@SebAnders
@SebAnders 4 жыл бұрын
Lafeo 007 Keep that old Albanian crone the hell out the chat!
@Adam-lz7sr
@Adam-lz7sr 4 жыл бұрын
This period of time was called Primitive Aviation
@age_of_reason
@age_of_reason 5 жыл бұрын
I fly the plane. I call it captain class.
@bobgomez9249
@bobgomez9249 5 жыл бұрын
Age of Reason Nice man
@thatboydaniel6655
@thatboydaniel6655 5 жыл бұрын
@@jamesdoire6752 The fuck is wrong with you?
@Zetsuke4
@Zetsuke4 5 жыл бұрын
i call it driver
@greensheep9973
@greensheep9973 5 жыл бұрын
I ride in cargo. I call it under class.
@sean0611
@sean0611 5 жыл бұрын
I learn trigonometry. I call it math class.
@decalcomanie123
@decalcomanie123 Жыл бұрын
As a customer service at a travel agency, I can never understand when people just go "ok" when I confirm with them that the cost of class upgrade is like a thousand dollars
@noobasaurus11
@noobasaurus11 Жыл бұрын
Rich, $1000 is like small change for them
@sheet-music
@sheet-music Жыл бұрын
The world never ever was as polarized economically as it is today. An Egyptian pharaoh and a slave? Weren't so polarized. Were like the upper middle versus lower middle class today. A medieval king and its peasant? Weren't so polarized. Were like an associate manager and a junior manager.
@AgnumMD
@AgnumMD Жыл бұрын
@@sheet-music I just don't think that claim has much historical merit. The pharaoh and king had say over every aspect of the slave's and peasant's life they were interested in, including ending that life if they chose. The slave and peasant worked their entire short lives with no hope whatsoever of upward mobility. The pharaoh and king were born into wealth, did not labor, and wanted for nothing, at least in terms of amenities of the day, with a gallery of personal servants to wait on them. I'm not saying that the economic divide today isn't significant, but I certainly don't think it is functionally any greater than what they lived through. That being said, so many of the problems that have plagued humanity from its most ancient times have been solved or mitigated in most modern societies, while this one really hasn't seen that much improvement, or has seen significant backsliding from generations when it was somewhat improved. And as such, it stands out to many of us, in a way that it might not have in historical settings. And a slave or peasant wouldn't question, at least openly, whether their king or pharaoh deserved their luxuries. Today the lower rungs are much more educated and most nations don't foster the belief in a divine mandate that allows for such privileges at the top, and so this disparity is noticed and questioned, and appropriately, often resented.
@tpammt8276
@tpammt8276 Жыл бұрын
@@AgnumMD I thought this was pretty well said. Cheers!
@l4kr
@l4kr Жыл бұрын
$1000 for them is like $5 for you
@jkramer8605
@jkramer8605 3 жыл бұрын
Many of the seat in all of the premium cabins are comped to frequent flyers and road warriors. Once I attained top tier stats with my preferred carrier, I don't remember a time where I wasn't comped an upgrade. So, a lot of those "revenue generating" seats are sold at the price of the lower tier seats. The math still works, but the margins are significantly diluted.
@BGerbs66
@BGerbs66 Жыл бұрын
That's an extra seat bought and then they get the added bonus of you ranting and raving about how amazing their upper class seats were
@barakatq
@barakatq 7 жыл бұрын
That Sure hurts, "Everyone in economy is just there to fill the plane!"
@dellreed9589
@dellreed9589 7 жыл бұрын
But it's the sad truth of how it has to work. Jet fuel is expensive, so there has to be a profit. With more room per seat, less people fit in the plane. Since the market for high-end seats can generate more income per volume filled, they're the jewel of revenue. However, the demand isn't high enough by any means. Coach always is. It isn't about the coach passengers being an afterthought so much as it is about coach seating being worked around the space needed for high-end seating.
@jesusgonzalez6715
@jesusgonzalez6715 7 жыл бұрын
Mo Ba Unless you fly Ryanair - they only have wood class
@FunCubing3x3
@FunCubing3x3 7 жыл бұрын
Not exactly, they are needed for ballast i.e. to balance out the plane so that it flies smoothly. Can't have all of the weight to the front.
@therandomytchannel4318
@therandomytchannel4318 7 жыл бұрын
Jesus Gonzalez Lmao! :-)
@jesusgonzalez6715
@jesusgonzalez6715 7 жыл бұрын
Lobotoman I think there is one NYC - LCY flight with business only
@CrazyLProductions
@CrazyLProductions 7 жыл бұрын
Something tells me you like planes...
@Wendoverproductions
@Wendoverproductions 7 жыл бұрын
Planes are alright. What I'm really interested in is the airline business. Couldn't tell you why.
@RealEngineering
@RealEngineering 7 жыл бұрын
Planes are just glorified buses
@agentelement961
@agentelement961 7 жыл бұрын
+Real Engineering just like buses are glorified cars.
@aboxofspinfusors7173
@aboxofspinfusors7173 7 жыл бұрын
Real Engineering Well, some models are called airbuses aren't they?
@CrazyLProductions
@CrazyLProductions 7 жыл бұрын
You replied !!! :-) Never thought I would be interested in airline business, until your Concorde video. Keep up the good work ! Love the ongoing banter between you and Real Engineering.
@samgray2680
@samgray2680 2 жыл бұрын
This focused entirely on Revenue. The cost to service each seat is massively different between each cabin. Would've been interested to hear analysis that took net profit into account
@vincent513
@vincent513 Жыл бұрын
I imagine that would be a bit more difficult to get the data on
@samgray2680
@samgray2680 Жыл бұрын
@@vincent513 hence why it's far more interesting and useful
@omoyajowojohn8887
@omoyajowojohn8887 Жыл бұрын
Nah that cost wouldn't cost that much if you put that on an average over a number of flights
@samgray506
@samgray506 Жыл бұрын
@@davidrieger8816 wrong. Whether or not a cost is fixed is irrelevant to whether it applies to only one cabin or another and salaries and meals are definitely variable costs. 1st class and business class have higher costs to service because staff per seat is higher as are the costs per passenger (meals).
@jamesdinius7769
@jamesdinius7769 Жыл бұрын
@@samgray506 The staffing can also be more expensive, since you'll want experienced attendants in premium, while new hires can be put on econ. Still, that's a minor, inconsistent fluctuation.
@taxfraudpro
@taxfraudpro 3 жыл бұрын
"You can't make half a million dollars on a 6 hour flight across the Atlantic" Middle eastern airlines: well well well
@patrickherb4670
@patrickherb4670 3 жыл бұрын
Is this a 911 joke?
@laaaliiiluuu
@laaaliiiluuu 2 жыл бұрын
@@patrickherb4670 "911, what's your emergency?" Exactly.
@inyoface5456
@inyoface5456 2 жыл бұрын
Qatar Airways and United Emirates
@bangtwicesib4281
@bangtwicesib4281 2 жыл бұрын
@@patrickherb4670 no it’s not 🤡💀 they are basically saying how the middle eastern airlines such as Emirates, Qatar or Etihad are known for being very expensive and luxurious. Tickets go up to 10’s of thousands for first
@justkamola
@justkamola 2 жыл бұрын
Lol yeah, same with Uzbekistan airlines: last year they were charging 5k for economy class!
@JustLikeHeaven77
@JustLikeHeaven77 5 жыл бұрын
I just hide in a suitcase and fly for the $50 extra bag fee.
@HacknBuild
@HacknBuild 5 жыл бұрын
A rough ride I imagine!
@honest2god322
@honest2god322 5 жыл бұрын
Still need a passenger to fly with...
@atharvanigamvarmamm8183
@atharvanigamvarmamm8183 5 жыл бұрын
You know u go thru an X-ray.
@Acco-yx4ni
@Acco-yx4ni 5 жыл бұрын
Depending on the airline, where you are flying, and the altitude you are flying at, that could be fatal.
@geogamesreviews5405
@geogamesreviews5405 5 жыл бұрын
@@atharvanigamvarmamm8183 r/woooosh
@Talleyhoooo
@Talleyhoooo 5 жыл бұрын
Spirit Airlines: "Bet you we can make a class below coach."
@lueslopez1
@lueslopez1 5 жыл бұрын
Alexander Smith weave snatch class 😳
@User31129
@User31129 4 жыл бұрын
I think they've explored the legality of having people stand the whole flight
@johnnynguyen9449
@johnnynguyen9449 4 жыл бұрын
@@User31129 forget the flying to the destination we drive and you pay for the gas :))
@joshuabrown2291
@joshuabrown2291 4 жыл бұрын
😂😂😂😂
@rodolfolasparri479
@rodolfolasparri479 4 жыл бұрын
For short flights....it's worth sucking it up, and flying Spirit to save $100+ ....that said, if they could charge extra $ for the toilet, they would
@jerrynadler2883
@jerrynadler2883 Жыл бұрын
I didnt realize 40% of an aircraft's passengers were in premium cabin. I always wondered who can afford $5-$7,000 seats, I guess everybody but me......
@dashcan8479
@dashcan8479 Жыл бұрын
Sure you are Jerry Nadler and poor.
@_______________00
@_______________00 Жыл бұрын
No not a lot of people can afford that. Flying long distance itself is something not a lot of people do frequently. Businesses can afford the expensive seats for their employees. At least from the people I know who flew business class before, most of them did so because their employer paid for it. First class is mostly for really rich people or for people who collected a lot of miles.
@rudiausbuddeln
@rudiausbuddeln Жыл бұрын
@@_______________00 this video is full of crap. the very most business class customers fly with using their miles and dont pay 6k. Mostly you can even get without miles Business Class for less than 2k.
@Anonymous.user.157
@Anonymous.user.157 Жыл бұрын
For most people, it’s an upgrade. A perk likely offered to them by their credit card or the airline. They’re spending some money, sure, but most of them are not just dropping $6000 on a ticket from New York to Chicago. I’ve flown first class just because they wanted to fill the last seat at the last minute. I upgraded for $60. Never hurts to ask!
@EhM-xt7pl
@EhM-xt7pl Жыл бұрын
To be honest it's a horrible way to spend money even if you make so much that you don't care.
@shanedgington6049
@shanedgington6049 2 жыл бұрын
The brilliance of these videos....visual simplicity, easy to digest for most, relatively short. Most importantly, they give the average person months of cool personal research learning about airports, the airline industry, business philosophy, geography.... well done.
@dionemoolman
@dionemoolman 6 жыл бұрын
I like business class because it can make economy class a lot cheaper.
@Penguin-kr9do
@Penguin-kr9do 5 жыл бұрын
@@ladyj6278 So you spend an extra 5 grand so you can get to see people's "looks of envy" and enjoy 2-3 somewhat decent meals? Why not fly economy and then use the 5 grand to stay at a 5 star hotel and dine at a 3 Michelin star restaurant? Much better experience for much longer, and probably cheaper too!
@honorablespartan
@honorablespartan 5 жыл бұрын
@@Penguin-kr9do Because you can tolerate staying a mediocre place more than an awful flight. If you go on vacation to stay in the Hotel WTF are you doing? Okay, maybe you stay at a 5 star hotel for a couple days for the experience of that, but people rich enough to regularly fly first class live 5 star hotel anyway. I would rather stay at 3 star good breakfast good bed hotel and experience historical and cultural sites and not have to spend 16 odd hours basically sitting down in the middle of a bus you can't get out of than stay at a 5 star hotel that I won't be in most of the day anyway.
@Penguin-kr9do
@Penguin-kr9do 5 жыл бұрын
@@honorablespartan You'll be in the hotel for a lot longer than you're in the plane.
@rf6724
@rf6724 5 жыл бұрын
@@ladyj6278 You like to see the look of envy? And your name is Lady J? Your attitude makes NO lady out of you. You give away having NO class at all by your comment.
@jeffie7648
@jeffie7648 5 жыл бұрын
@@ladyj6278 sounds so cheap! lmao. The real princesses don't care how others look.
@ilhamsuhendi90
@ilhamsuhendi90 7 жыл бұрын
even with economy seat, I'm still feeling the luxury experience of flight
@MrJimheeren
@MrJimheeren 7 жыл бұрын
Ilham Suhendi you never flew with Ryanair then, that company makes you feel like you were just punished by flying with them
@thedevilsadvocate98
@thedevilsadvocate98 7 жыл бұрын
Ilham Suhendi i guess it depends with the airline, I flew with Etihad and the Eco class was just amazing, great food and service. I'm sure however if you fly with Ryanair it would be much different lol
@nathanberrigan9839
@nathanberrigan9839 7 жыл бұрын
He means flight itself is a luxury as opposed to spending days on a boat or train.
@jamiekrutzfeldt3522
@jamiekrutzfeldt3522 7 жыл бұрын
Ilham Suhendi luxury is train travel
@jamielynch2192
@jamielynch2192 7 жыл бұрын
Ajinkya Pathania having flown both business and eco its pretty much the same just different seat configuration more leg more etc little tweaks but for inflated price
@t23001
@t23001 Жыл бұрын
Very interesting! Would love to see a follow-up on the side hustles of airlines: frequent flyer programs, extra fees for basic services, airport lounge clubs, presale of miles to credit card companies, co-branded credit cards, and fuel hedging.
@herisruns
@herisruns 4 ай бұрын
he covered most of that in the video, "how airlines quietly became banks"
@kirkb2286
@kirkb2286 4 жыл бұрын
One thing you failed to mention....a lot of the business class seats are filled because the airline sends them comp upgrades and they get to ride in business class but only purchased a coach class ticket. I saw it when I worked in the industry people don’t spend a dime on tickets. Their company flys them all over and they reap the benefits of comp upgrades....
@DaleC1980
@DaleC1980 Жыл бұрын
Absolutely. As a frequent business traveler, I always book economy but sit in first more often than not. This video just isn't very accurate at all for US domestic travel
@Jonas-cq5ph
@Jonas-cq5ph 6 жыл бұрын
I have to add something to this video, which you left aside completely. On one hand you are basically right: airlines sell flights from point A to point B. But there is much more to it. I work for a major European airline and those are the two main points that were missing in my opinion. Business Class tickets are much more pricey for a reason: Weight: Each business Class passenger is allowed to carry 2x8kg pieces of hand luggage + 2x 32kg trolleys in the belly. The weight of the luggage alone is as much as an average person. Also, each business class seat, the immense amount of cutlery, plates, extra (premium) beverages (alcohol in glass- instead of plastic bottles) and extra (premium) food, the space you need inside the galley, more lavatories per passenger, special decorations and so on and so forth. Weight is a major issue in aviation (more weight = more fuel consumption), so there is that. Extra service: staff costs have a huge impact on the ticket price. Letalone the great variety of exclusive lounges operated by my Arline in many different airports. As a business class passenger you can perform your checkin in person (vs. online checkin only) and with the help of our very kind service staff (and there are lots of them!). Usually Business Class passengers have access to priority security checks at the airport (which the airline pays for as well). Being on board we usually have one Flight Attendant for a max of 12 business class passengers for a more exclusive and restaurant-like service. Arriving at our home base, business Class passengers also have access to a special welcome lounge, where they can (once again) enjoy a variety of food and some exclusive drinks. In the end, the demand (which we can't complain about) causes big fluctuations in flight prices as well. Economy Class passengers are NOT there to fill the seats as an airline has a much less sophisticated job to do for an Economy Class passenger. A tourist-class only airline can compete with any other airline out there if done correctly.
@lewisbarber901
@lewisbarber901 5 жыл бұрын
Economy class passengers are there to fill the seats. Your other points are true but he focused on the main points. Those are more secondary points
@stephenimsong3462
@stephenimsong3462 5 жыл бұрын
Very interesting, I’ve heard of airlines like WOW are really changing how airlines make money focusing on cheaper economic flights. I flew them once and they only allowed a personal bag, Nothing was free on the plane, and service was well... not great. But hey tickets were cheap cheap
@mwbgaming28
@mwbgaming28 5 жыл бұрын
you can sell anything if the price is right here in australia, jetstar and tigerair have disrupted the airline market by offering fares that are less than a quarter of the price of the big carriers and despite the cattle cart like experience they never have trouble filling planes with economy passengers (literally the whole plane is economy) adelaide to sydney with qantas in economy is usually around $450 one way, the same flight at a similar time with jetstar or tigerair will cost between $70-$120 one way for similar inflight experience (minus a free feed and a seat mounted TV screen) i once saw jetstar offering (and advertising on TV!!!) flights from melbourne to tokyo for $150 each way when that same flight on the bigger carriers would be close to $1200 (that was a few years ago though) never underestimate the power of a low price point people are price driven for the most part and a majority of people would probably be willing to put on a heavy jacket and an oxygen mask then hold onto the wing for the whole flight if it meant getting a cheaper ticket
@janaem.3685
@janaem.3685 5 жыл бұрын
"A tourist-class only airline can compete with any other airline out there if done correctly." I was just thinking that I was watching the video. Given the costs to offer business and first class services, and the fact that those seats take up more square footage, I was thinking about the economics of running an economy-class-only trans-Atlantic flight. I know that Southwest airlines, my preferred airline, does that with US domestic flights. The business-class ticket only guarantees your priority boarding and, I think, a security check priority. I'm not sure what their profits are compared to other airlines, but they've been expanding their services to places like Hawaii and DCA. And to me the service quality is better than what you get with United.
@andrewduan5123
@andrewduan5123 5 жыл бұрын
@@mwbgaming28 ahh but you only fly tiger air if you're okay with the odd chance of dying mind flight because they didnt hold the flaps on with enough duct tape... Also this i a good point since Wendover doesn't mention cost per sqm.
@vizthex
@vizthex 7 жыл бұрын
United also offers a super discount! If you pay only $10, they'll throw you out of the plane when then fly over your destination.
@emjay1606
@emjay1606 7 жыл бұрын
vizthex Sounds like a deal to me!!!
@Handle6478
@Handle6478 7 жыл бұрын
My parachute is ready
@thefiestaguy8831
@thefiestaguy8831 6 жыл бұрын
Have you heard of United's premium service? If you pay them for a flight, once onboard, simply kick up a fuss and start screaming in a foreign language, and you'll promptly be tased by police, thrown in handcuffs and dragged off the plane, and you pay for the privilege!
@Toasty_-jx6zk
@Toasty_-jx6zk 6 жыл бұрын
vizthex what?
@9-23-15
@9-23-15 4 жыл бұрын
Hey, I think United Airlines is one of the best for great service. Pick on another who deserves it.
@hitenmirajkar461
@hitenmirajkar461 4 жыл бұрын
Remember, even if you can't fly first class, your destination will remain the same.
@mahdi8641
@mahdi8641 2 жыл бұрын
its the experience not ab where u go. yall peasants are so stupid
@perfectallycromulent
@perfectallycromulent 2 жыл бұрын
nah, first class people stay at expensive hotels and visit parts of cities and countries that are too expensive for other people. there are many parts of europe too expensive for most people to bother visiting, because you're just going to be surrounded by rich people doing their rich people thing if you go there anyway, instead of visiting tourist and historical destinations. but when you fly to paris and a rich person flies to paris, the destination is the same city, but it's not the same place.
@babor_
@babor_ Жыл бұрын
@@perfectallycromulent I agree there’s always luxury wherever you go, like in Paris you can either dine in a Michelin starred restaurant or just in a normal restaurant. Even the most luxurious 5 star hotel has Room vs suite and the people who are staying in suite will be treated differently. Experience comes at a price tag. At the end of the day it’s us who needs to decide if those experiences are worth of our time and effort …
@gailcbull
@gailcbull Жыл бұрын
Or to use an old saying: "A the end of the day the white Queen and the black pawn both end up in the same box." That's a death and burial reference, in case you missed it.
@ItsMeEllenB
@ItsMeEllenB 2 жыл бұрын
As someone from the UK, I've just learnt that I should start in Stockholm if I ever want to go to Washington...
@life271805
@life271805 7 жыл бұрын
I work for a major airline in revenue management and this is basically spot on. I would say that now a days business travelers is more 70/30, instead of 80/20. Also, this was the economics of a legacy airline, airlines like Ryan Air, Spirit, Frontier, etc... these airlines are very different in how they make money. They do not target business travelers they target leisure travelers and rely on ancillary revenue rather then ticket prices. I feel like that could be a good vid to do as well for aviation videos if you need ideas. Anyway, great vid, you earned yourself a sub!
@HDAviationVideos
@HDAviationVideos 7 жыл бұрын
What would you recommend to someone who wants to join an airline to work in revenue management?
@life271805
@life271805 7 жыл бұрын
First, work for an Airline in your home country if that's the US great you have a ton of options. Second, are you in high school, college, Graduate? I would suggest if your in High School find an aviation themed college like UND, Purdue, Riddle and take classes on Airline Management. If your in college and not at an aviation themed one take classes on statistics, economics, business. Once you are actively looking start with Glassdoor.com for interview tips (I have a few post on there for RM interviews). It's super competitive so keep trying if you get denied. If you're a citizen of America and you lack professional experience American and United are your best bet since analytical experience is not priority for them. Good Luck I hope make it!
@HDAviationVideos
@HDAviationVideos 7 жыл бұрын
Hey, many thanks for your detailed reply! I really appreciate that! Do you have an e-mail address or any other contact details to answer to you questions and to send you a couple of additional questions about this? You can send it to hdaviationvideoschannel@gmail.com or through my YT channel. Thanks!
@life271805
@life271805 7 жыл бұрын
sent you a message on YT
@bartholomewdan
@bartholomewdan 2 жыл бұрын
@@HDAviationVideos It's been 4 years, can we get an update?
@dougle03
@dougle03 5 жыл бұрын
You missed out the revenue from cargo. The "below the floor" economy.
@mohpkhall622
@mohpkhall622 4 жыл бұрын
What about the revenue of the landing gear bay seats?
@krissp8712
@krissp8712 4 жыл бұрын
With corona he did a video on cargo!
@christophercranefield
@christophercranefield 4 жыл бұрын
Ive never been in a plane with a special first class section, they always have 6 seats in the very front with a bit more leg room. But tbh I rather sit at the emergency exit cuz that space has a shit ton of leg room and it doesnt cost much to have a garanteed place there! (Sometimes we get it for free cuz someone couldnt sit there)
@starynights9769
@starynights9769 4 жыл бұрын
You've only ever flown on budget airlines?
@LouPalumbo
@LouPalumbo 4 жыл бұрын
Christopher Cranefield depends on the plane.
@reynaldoflores4522
@reynaldoflores4522 3 жыл бұрын
@@LouPalumbo It depends on the airline. Budget airlines, as the name suggests, have only an economy section.
@davidpetersen9276
@davidpetersen9276 Жыл бұрын
Tip: Generally speaking you can do one upgrade at the airport. When traveling internationally I usually purchase premium economy and then request an upgrade at the airport to Premium/Business (depending on airline it is called different things). It usually costs about half the difference between the two classes if I bought the higher class online initially, sometimes less. If it is more than half, I don't upgrade. I find the difference here the best in terms of bang for buck. Seats with your own arm rests, much more comfy, more more leg room, unlimited complimentary beverages and the staff is always around to refill. Fails if the upgrade class is full or is in such high demand (only a couple seats left) that it is not discounted much at the airport. Then I just take prem economy. Also if you fly internationally for business and your company limits you to economy, typically prem economy is still covered, and the same trick works, I just pay for the upgrade out of pcoket.
@jamesdinius7769
@jamesdinius7769 8 ай бұрын
My guess is the cost difference depends on how many of those premium seats they filled, and how overbooked economy class is. If there are empty premium seats right before the flight, selling a discounted upgrade to a coach traveller lets them recapture some of that margin. If economy is also overbooked it lets them clear those seats while capturing extra revenue.
@TigerMonthlyHits
@TigerMonthlyHits 7 жыл бұрын
I'd love to one day be able to fly first or business class. Not cuz I give crap about being fancy. I just would love to be able to travel in comfort without having to worry about being crammed next to people with minimal comfort. Don't get me wrong, a three hour flight is nothing, but if I'm flying from NY to Germany, I want to be able to sleep in peace.
@m.schrick2176
@m.schrick2176 7 жыл бұрын
TigerMonthlyHits I've flown 1st class in exactly that flight, and you're right, it's a completely different experience. You don't even want to sleep :).
@atsay714
@atsay714 7 жыл бұрын
Sign up for a credit card with a signing bonus. About 70,000 points can get you a business class flight to across the world. I just bought a singapore airlines ticket to Korea with 67,000 points and about ~$100 in fares. I signed up for chase sapphire, they gave me 100,000 signing bonus. They only do 50,000 points now though I think. AMEX plat still does 100,000 points I think.
@jonathantan2469
@jonathantan2469 7 жыл бұрын
If you're looking to get a credit card, get one of those that allow you to use your credit card points as air miles. Then if you have enough air miles, you can use them to upgrade an economy to business.
@diskordianer
@diskordianer 7 жыл бұрын
I did, it is undeniably better than economy. But if I don't get it through miles and more or anything like that, it's just not worth the money in my opinion. Also for transatlantic flights. If I don't have to pay it myself, yeah, totally, otherwise, nope, I have better things to do with money.
@nigeldenham8304
@nigeldenham8304 7 жыл бұрын
ogogo ogpgpg no unless if you use miles for all of the price
@ItsDavo
@ItsDavo 2 жыл бұрын
You forgot to mention the 1 first class suite in ethaid up front is called the residence and cost 20000 dollars. It comes with a living room, bedroom with an actual double bed and your own bathroom with a personal shower. And all of these are connected together. And they are private for your personal use.
@ZK-APA
@ZK-APA 2 жыл бұрын
Yes, but thats a one off feature.
@Andreschannel_SA
@Andreschannel_SA Жыл бұрын
So you basically get an hotel suite, but without the privilege of getting visitors from outside the airplane???
@abhaybhatt4286
@abhaybhatt4286 Жыл бұрын
It makes me wonder if faster flight times make a difference. Trans-atlantic in the 70s-80s must've been close to a full day, so it would make more sense paying for a psuedo-hotel room. But now that same flight is 10 hours, so all you really need for luxury is some privacy and a place to stretch your legs.
@hansel2001
@hansel2001 2 жыл бұрын
This is the most thoughtfully written and presented educational video I have come across in years. This is porn for economists. Thank you thank you!
@vf84tcat1
@vf84tcat1 6 жыл бұрын
For people who are aviation buffs, this site is awesome. After years of flying first class with only one or two others in the cabin, when airlines introduced lay down flat sleeper seats in Business class, I said first class was coming to an end. The only reason people flew first class was to get that lay down flat sleeper seat on long rides. Slightly better quality food and drink could never justify the enormously higher cost of first class.
@rayfinkle9369
@rayfinkle9369 5 жыл бұрын
Well it is worth it to some people. Especially if cost isn't an option. While Business is just fine and many times you get a similar experience, the First Class lounge is far better (food way better, less people, much more comfort), the food on the plane is better and more abundant, the personal attention from your attendant is better, and you get a bigger area to sit in with a closed door, a large screen tv and always the best amenities no matter the airline. And they have their own bathroom that is never occupied when you need it. And you get pajamas and they even tuck you in. Let's not kid ourselves, First is best. But for me, business is the better deal of course. Economy sucks for long flights.
@maeryan6883
@maeryan6883 5 жыл бұрын
The appeal of first class for most who fly it is the privacy, service and food. Although it may seem unreasonable to some, it can make a difference. As someone who has flown in all the classes (just once in first) there is a noticeable difference in the food, service, BATHROOMS, comfort of the chair, blankets etc.
@InvestorAcademyPodca
@InvestorAcademyPodca 5 жыл бұрын
They fly first class largely because they can - usually their company is footing the bill and they have a contract perk allowing them to book first. It isn't a cost/value assessment otherwise it would have disappeared long ago.
@michaelc3977
@michaelc3977 5 жыл бұрын
Ray Finkle I acknowledge the unnecessary length of your response on a subject you obviously have little experience of suggests your opinion is rarely acknowledged. Idiot.
@duckduckgoismuchbetter
@duckduckgoismuchbetter 5 жыл бұрын
@@leroylandcruiser3936 Fuck yourself Hillary supporter. And enjoy the next 6+ years of President Trump!
@jennag2525
@jennag2525 5 жыл бұрын
wowow “ after all, everyone in economy class is just there to fill the plane” My poor ass feels attacked
@generpicado7838
@generpicado7838 3 жыл бұрын
Same 😞✊
@unidraguine6473
@unidraguine6473 4 жыл бұрын
just came back to canada from flying to england to see the love of my life again, i dont care im in economy to fill the plane if it gets me to him and him to me every few months
@matthewharris3938
@matthewharris3938 2 жыл бұрын
Very informative. Many times I've wondered how the pricing worked, so thank you for that.
@TheAkashicTraveller
@TheAkashicTraveller 7 жыл бұрын
In other news airbus have recently patented the idea of flying capsule hotels. So instead of a cramped seat you'd have a bunk bed box.
@MISTERPRESIDENTELECT
@MISTERPRESIDENTELECT 7 жыл бұрын
Don't count on that box being very big, you'd be in there like in a burial coffin. After 14 hour flight you'd turn into a vampire..."sir would you like coffee or tea? I want to drrink your blood!"
@AGenericAccount
@AGenericAccount 7 жыл бұрын
ask anyone who has ever been in the navy and they'll tell you it's not gonna be worse lol
@AGenericAccount
@AGenericAccount 7 жыл бұрын
uh lol no i'm just talking about the racks, they're triple stacked and you can barely lift up your knees so that your feet are flat lol but it saves a lot of space and it's a place to sleep. The capsule concept would likely draw some inspiration off that and it would be pretty dope i think. The guys on the space station have less room I think
@MISTERPRESIDENTELECT
@MISTERPRESIDENTELECT 7 жыл бұрын
Yea, I might have heard something about that. I think John West, King Oscar and few other sardine factories are currently working on the design proposal for the contract.
@AGenericAccount
@AGenericAccount 7 жыл бұрын
People do it man it can be done
@mwbgaming28
@mwbgaming28 5 жыл бұрын
jokes on them we in economy might be there only to "fill the plane" but those in first class are basically a great big crumple zone to protect us during a crash landing the impact forces are far lower in the back of the plane than in the front and the strongest part of the airframe is right over the wings (which seems to be where all the airlines in my country place their economy seats) flying in economy might just save your life
@mikemiller8892
@mikemiller8892 5 жыл бұрын
True, but in many plane crashes, everybody goes down.
@TisTheDamnStickSeason
@TisTheDamnStickSeason 5 жыл бұрын
The fat should technically make the plane bounce
@user-lt7hw1lu7y
@user-lt7hw1lu7y 4 жыл бұрын
Pilots stay with first class, like a SUV, do u really think driver would crash their side before passenger?
@DixieSchizo
@DixieSchizo 4 жыл бұрын
@V. V bust down thotiana
@Pinky01
@Pinky01 4 жыл бұрын
The chance of your plane crashing is less than being bitten by a shark, being struck by lightning, and definitely being killed in a car crash
@dyrichard
@dyrichard 4 жыл бұрын
Also to add, tiers are there to keep balance with the masses. First class tickets might bring in more revenue, but economy class (majority) provides relevance and marketing.
@DamageLLC
@DamageLLC 4 жыл бұрын
Great video and very educational. Thanks for sharing and keep up the great work.
@arsenioseslpodcast3143
@arsenioseslpodcast3143 6 жыл бұрын
Some airlines (5 star) have excellent economy seats. All USA airlines I feel are 20-30 years behind travel experience. They don't want to make an airline or buy airplanes on the scale of Singapore Airlines, Emirates and Cathay. Anytime I travel back to America, I absolutely never take United or AA.
@k.s.h.2455
@k.s.h.2455 6 жыл бұрын
I hate UA deep in my heart
@patrickdalton361
@patrickdalton361 6 жыл бұрын
Arsenio Buck In my experience, SouthWest airlines is pretty good, but I don't know the extent of where they conduct business
@Piesfan35
@Piesfan35 6 жыл бұрын
Cathay pacific has an awesome economy cabin. I flew from Auckland to Hong Kong return on their A350 in economy and it was fantastic, the seats were pretty roomy, the entertainment system played live sport and news television, and the food and service were great. I don't know why so many airlines insist on treating their passengers like shit
@alphaexpress6881
@alphaexpress6881 6 жыл бұрын
Ryan Sheehan american careers tend to treat their airlines like a ferry rather than a cruise liner. Your child would be damn lucky to receive plastic cutleries on a us airline while your child could recieve good things such a crayons and puzzles and birthday party songs on international airlines.
@vf84tcat1
@vf84tcat1 6 жыл бұрын
Arsenio Buck In my many years of flying between the US and Asia, All Nippon Airways (ANA) and Thai Airways were the best. Unless it was first or business class, US carriers just couldn't compete
@rrrglynn
@rrrglynn 7 жыл бұрын
Nice video! What you failed to mention is that most people in first class and even business class don't actually pay the full fare. They are usually upgraded from frequent flyer miles or loyalty. A lot of times also if you get bumped they will offer to put you in first or business. Thats why we are seeing the "premium economy" market growing because they can make more money.
@jctakoma
@jctakoma 4 жыл бұрын
I’d quibble on one point: You say the “product” is the flight from A to B. I’d rather argue that, for example with British Airways in your video, the airline is selling four products: economy, premium economy, business, and first. Those four products have bundles of characteristics, and are priced by the bundles. When an airline sells economy tickets at different prices, then it’s closer to the truth to say, as you do, that airlines have figured out how to sell the same product to different people at different prices, though even then, I’d argue that one of the “sticks” in the bundle of a low-price economy ticket is “purchase 30 days in advance subject to a change fee” while the “stick” in the high-price economy ticket is “purchase whenever, change if you like”. But your basic point is very well taken: A biz or first seat today is priced about what all seats were priced in the 60s, so the evolution is in lower costs of operation, permitting the sale of economy tickets today, opening up travel on a large scale. When I was a kid, I could only afford the Greyhound bus from Baton Rouge, LA to Providence, RI to attend school. I know very few kids who’d do that today, since air travel is so cheap. Thanks for your great video and explanation. Cheers!
@scottwilson8401
@scottwilson8401 3 жыл бұрын
This was a truly amazing report! Thank you!!
@eoinmaclean6478
@eoinmaclean6478 5 жыл бұрын
For domestic travel, I love Southwest. The “no hidden fees” as well as “two checked bags and carry-on fly free” policies make them an attractive option. I have flown in their ‘economy class’, and in ‘business select’. There isn’t much of a difference between them, except that in business select, you are among the first seated, you get a free alcoholic beverage coupon, you earn far more Rapid Rewards points, and you obviously pay more. That said, economy almost always sells out first...but if you fly frequently, the premium options may be more benefitial.
@darshilmashru8479
@darshilmashru8479 2 жыл бұрын
Beneficial*
@RDKirbyN
@RDKirbyN Жыл бұрын
Milk aged comment
@yahyachothia
@yahyachothia Жыл бұрын
@@RDKirbyN How so?
@fray3dendsofsanity
@fray3dendsofsanity Жыл бұрын
@@yahyachothia They're referring to the Xmas disaster that WN experienced with all their flight cancellations. I'm not even a Southwest fanboy, but I know that they aren't going to have that happen again, it was a PR disaster. Southwest is doing great
@marspark6351
@marspark6351 Жыл бұрын
what's the point of being seated first lol. I always try to be the last one in to enter the plane
@scillaburton7160
@scillaburton7160 5 жыл бұрын
Really interesting, thank you. My dad was telling me how when he was a kid, his parents made the whole family dress in their "Sunday best" when they flew. And observing that nowadays people tend to dress very casually, because flying is relatively cheaper for the middle class, and not considered as prestigious an experience.
@floridaman5125
@floridaman5125 9 ай бұрын
I dress like a dope to stay comfy in the tiny seats. I can’t imagine being a suit, squished between two ham planets.
@paladinhill
@paladinhill 3 жыл бұрын
Those old photos brought back some memories. As a former airline crewmember in the late 60's and early 70's, i can attest that your analysis is spot on. The Airline Deregulation Act killed the airlines. We used to have 30 or so "major" and a bunch of regional airlines. Now we are down to only 3-4 majors (AA, DL, UA, and SW). Service and maintenance has gone to crap, as has on-time performance. The only solution is to bring back full regulation by a new CAB. Outstanding video and explanation of aviation history!!
@jamespfitz
@jamespfitz 2 жыл бұрын
Yes, let's make air travel expensive again and limit access to the rich. Damn proletariat, thinking they can be as mobile as we jet-setters. Let them take the bus.
@paladinhill
@paladinhill 2 жыл бұрын
Well Comrade, I doubt you traveled much in the 1960's and 70's. As an airline employee, I did. RT coach JFK-LAX was $329; first class was $556. Student and military standby was a lot less as was one week "excursion" fares. You could check 2 bags for free, carry on one in the overhead rack and one under the seat for free; all food and non-alcoholic drinks was free in coach; alcohol free in business and first. Free games for the kids, blankets and piliows for al free; FA;s would give you aspirin or tylenol for free; passed out magazines for free, etc., etc, etc. The competition was based on quality of service and on-time performance. Airline folks were very courteous, passengers were civil, even cordial, to each other,; altercations were virtually unheard of... except for the occasional drunk businessman. IT was the Golden Age of Commercial aviation. And the maintenance on the airplanes was top notch, resulting in mostly on time departures except for WX delays. It is unfortunate you never had the chance to experience it as I did, or your attitude would be much different. For the masses, flying was a special occasion; it still is for some, but it isn't anything like it used to be. Welcome to the cattle car, comrade... wanna buy some peanuts?
@FLP90
@FLP90 4 жыл бұрын
Alitalia (airbus) from nyc to Rome was the best flight ever. I felt nothing at takeoff and landing, no turbulence at all, very comfortable economy class, great selections on screens, delicious foods and pastries, and much more. I was impressed.
@digitalklear4649
@digitalklear4649 5 жыл бұрын
I had a presentation at university today based on the airline industry. I cannot thank you enough for your insight into aviation industry. Must have watched your your aviation videos multiple times. You make it complex subjects easier to digest. Keep it up brother!
@hmmm9658
@hmmm9658 7 жыл бұрын
If I was insanely rich I might go first class but tbh you will be on there probably about 8 hours and the amount extra isn't really worth it
@hmmm9658
@hmmm9658 7 жыл бұрын
***** yeah but a lot of people who aren't that rich will still pay for them which confuses me
@kellygurl5
@kellygurl5 7 жыл бұрын
I did economy from toronto to vancouver, vancouver to hong kong, hong kong to syndey australia, over 24 hours of flying! but on my way back, i got upgraded to premium economy from hong kong to vancouver, and holy fuck what a difference! i havent done first class or business, but premium economy made those 15 hours just FLY by (ba dum dum chhh). if i could afford it, id fly business every time no matter what. but first class does seem such a waste when business and premium economy have all the space you need.
@phuyem
@phuyem 7 жыл бұрын
@Kelly Applegath : TOTALLY agree with you as I had the same experience! For long flight ( 8+ hours ), it is a big upgrade!!! As for a waste part, I guess when one is rich enough, waste is not in his/her dictionary lol
@JeremyGreysmark
@JeremyGreysmark 7 жыл бұрын
If I was insanely rich, I would just have my own plane ;-)
@ryanhaart
@ryanhaart 7 жыл бұрын
Morando no Canada92 actually, most business class tickets are paid for by the passenger's employer. They consider it worth the money that the employee can remain productive during the flight and then arrive reasonably fresh for the meeting at the arrival point.
@abhinavitsmebellamy
@abhinavitsmebellamy 4 жыл бұрын
Great video. Thanks!!
@JKribbit
@JKribbit 4 жыл бұрын
Wendover: airlines make more money in the minority upper classes. Low-cost airlines: Am I a joke to you?
@mbttrails5059
@mbttrails5059 6 жыл бұрын
The classes are wrong in this video if you fly united the classes go first, business and fight club
@Toasty_-jx6zk
@Toasty_-jx6zk 6 жыл бұрын
MBT Trails what?
@equinehax
@equinehax 6 жыл бұрын
HAHAHA
@aakritgokul2197
@aakritgokul2197 5 жыл бұрын
Who TF flies United?
@E1craZ4life
@E1craZ4life 5 жыл бұрын
What's the first rule of Fight Club?
@darkhun73r
@darkhun73r 5 жыл бұрын
E1craZ4life you don’t talk about fight club
@l.tc.5032
@l.tc.5032 7 жыл бұрын
It's on my bucket list to fly first class at least once.
@daledo8604
@daledo8604 6 жыл бұрын
L. T C. Change your bucket to business class. Biggest difference was the number of people in the cabin.
@MrPhilsterable
@MrPhilsterable 6 жыл бұрын
Get a frequent flyer credit card, save up miles by using it for all your purchases (paying off at the end of every month of course before any interest charges), use them to buy a first class ticket.
@Commentator541
@Commentator541 6 жыл бұрын
It only makes sense for 12hour flights. There is nothing "luxurios" or "special" about the service, except that it is ON A PLANE.
@alphaexpress6881
@alphaexpress6881 6 жыл бұрын
L. T C. Try the 1st class on Etihad airways on the return trip from London to Abu dhabi. The whole thing is like 5500USD and you get a lounge,bar and a shower on board.
@chassinclair5094
@chassinclair5094 6 жыл бұрын
With Michael Moore and his twin brother Rosie O'Donnell.
@asadahmedchohan
@asadahmedchohan 2 жыл бұрын
I think the cost of empty seats should always be calculated. Filling the plane is sometimes more important than higher first/business class ratio. One thing this pandemic has really taught us!
@ej3016
@ej3016 2 жыл бұрын
thank you for this - have only ever flown economy except for one flight in business that was a gift from a friend who used her rewards to upgrade the ticket - I hadn’t really appreciated the cost difference - yes the legroom was better much better - but on a short flight (Toronto to Montreal 🇨🇦) everything else was only marginally better than economy - had an uncle who regularly flew Toronto to Europe for business in the 60’s - 80’s - he only ever flew economy - when asked he said since the front end of plane landed seconds before the rear end (cleaned up his language 🤣😂 ) he wasn’t paying what business cost - wonder if he would have flown business if someone else was paying - will be interesting to see price differences once things open back up after COVID - have one more trip left in me - thnx again 🙏😷
@poppypuppy5372
@poppypuppy5372 5 жыл бұрын
I worked on the pricing system for a major international airline. The picture you paint is a simplistic one, and incorrect. For any flight, it would be in the airlines interest to sell all the tickets in advance at the full fare, but that is not what happens. There may be 20 or 30 different ticket classes, each with their own price. The algorithms that determine the number of seats in each class are extremely complex and based on the probability of the seat being sold at a particular price versus the possibility that the seat may remain unsold. In the end it's better to have some revenue for a seat rather than it remain empty (subject to cost recovery for carrying the weight). The pricing systems are dynamic, and can change the various tickets prices several times daily. As the date of the flight approaches, the possibility of empty seats increases and so ticket prices generally get cheaper. We all are aware of standby tickets, and that it is a lottery as to if they become available. That is a reflection of the ticketing software: if no standby tickets are available, it has worked to optimise the revenue for the airline. As an aside, very few people pay for first class tickets. In my experience, based on extensive analysis of fares paid, most first class seats were either upgrades from business class, of airline staff. It sends a poor message to see the first class cabin empty.
@jaredj631
@jaredj631 7 жыл бұрын
Do airlines upgrade People to higher classes for weight distribution on the flight? Or Is it marketing to give People a taste of first class so next time they might buy it?
@turtleman2217
@turtleman2217 7 жыл бұрын
Jared Jeanotte Good question
@maaza.7729
@maaza.7729 7 жыл бұрын
an example would be Casey Neistat since he is famous they upgraded to show off the Emirates cabin
@isiTsotsi
@isiTsotsi 7 жыл бұрын
No. Airlines overbook the economy class, because they anticipate that not everyone is going to show up. So if everybody comes, they upgrade them into first and business. If they are also full, they offer you a huge discount and a later flight
@danielgrey2994
@danielgrey2994 7 жыл бұрын
It's really just logic. If those seats will be empty anyway, why not let someone fly in them? Since they prioritize people with the best relationships with the airlines, frequent fliers, this only goes to enhance their relationship. Furthermore, in the future, if that traveler is debating which airline to fly, he might be willing to pay a little more for that airline if he knows there is some chance he might be upgraded. No one who is actually willing to pay for first class is going to book coach and hope/pray they get upgraded. There is such a huge gap that the chance free upgrade does not cannibalize the airline's first class revenue.
@MikedieONE
@MikedieONE 7 жыл бұрын
@isiTsotsi this is correct. i once was upgraded into businesclass on a Finnair flight to Tokyo. They told me that they did that because i did buy the ticket very early(like 7 month or so in advance) and they are overbooked in the economy.
@beixingchen1456
@beixingchen1456 Жыл бұрын
Very interesting, thank you for the video
@scottmochinski5447
@scottmochinski5447 2 жыл бұрын
Great video. Well done.
@kyrstinstoneking4165
@kyrstinstoneking4165 7 жыл бұрын
I just can't fathom spending $5,000+ on a plane ticket
@Trump16-24
@Trump16-24 7 жыл бұрын
Kyrstin Stoneking well no crying babies
@nathang9034
@nathang9034 7 жыл бұрын
Kyrstin Stoneking same lol. Unless you make like 25k a day
@mwangikimani3970
@mwangikimani3970 7 жыл бұрын
Its all relative - however Business Class is not a luxury for people who use it - if you are spending 20hrs a week in the air you better have some comfort
@Thedarkkatana
@Thedarkkatana 7 жыл бұрын
If its on your company's dime then you wouldn't care at all...
@johnconnor2402
@johnconnor2402 7 жыл бұрын
It's called socio-economic class. For an average person, $5,000 is a lot of money. For a rich person, spending $5,000 is like spending $50.
@alexm.s4000
@alexm.s4000 4 жыл бұрын
For peasants like me. Ryanair is just fine thank you! We only fly 2/4 times a year for 3 hours each. For that dirt money i can sit on my ass and take it. Rather spend more during a week of holiday than to blow it on some 3-5 hour flight.
@maksatsagidullayev4426
@maksatsagidullayev4426 3 жыл бұрын
@@D_W4LIFE yes, but is it a bad thing? Saving some money by not spending on luxurious things is everybody's own choice. And not refusing an upgrade is just common sense
@dishes4890
@dishes4890 3 жыл бұрын
Thing is I have family in India, and there isn’t a ryanair flight from Glasgow to India :/
@reynaldoflores4522
@reynaldoflores4522 3 жыл бұрын
If you have the money, why not spend it? You can't take it with you.
@Likeusb1
@Likeusb1 2 жыл бұрын
@@reynaldoflores4522 wdym
@CabbageChad25
@CabbageChad25 2 жыл бұрын
Ryanair is great
@stefanbauer7956
@stefanbauer7956 Жыл бұрын
One important thing to consider is missing: the frequent flyer programs of the airlines. One airline employee once explained to me that their airline is getting rid of the first class, because only 10% in first class actually pay full price for a first class ticket. 90% are people who get bumped up due to their status, or paid their ticket or upgrade with frequent flyer miles.
@sophias6403
@sophias6403 Жыл бұрын
THIS. I was looking for a comment like this because my dad is in that exact situation. When he travels for work, his flight ticket is paid for by the employer but because of his frequent flyer status, he gets upgraded for free on almost all flights. And he gets the miles/points from that flight to fly for leisure for free.
@2292fa
@2292fa 4 жыл бұрын
At 6:49 this video gets brilliant. Subscribing to see when else you do this level of stammering analysis. Excellent.
@scottthompson6504
@scottthompson6504 6 жыл бұрын
In a full flight, yea...First and business class makes a lot of money. But do they ever fill? For a fair comparison you need to take average booking of first, business, and economy classes then compare. For example, if a plane can fill 100 of $10 economy but only fill 25 'out of 50' of '20' first class then it's actually the economy that generates the better revenue. The reason first class 'generates' more money only is because it is expensive, but it is not the most efficient way of generating revenue. Economy is, which is why low cost airlines are popping up every corner of the world.
@albaraaaltassan8246
@albaraaaltassan8246 6 жыл бұрын
You have a fair argument but business class generates a lot of money due to a lot of governments sending their employees to international destinations in which they buy the business ticket for their employees
@GoProGuyHD
@GoProGuyHD 6 жыл бұрын
More often than not, people on business do not pay the full price of a business class ticket. People get upgraded to business. Because i travel alot, i use the points i get for buying economy tickets to upgrade my ticket to business
@Thegleechick
@Thegleechick 5 жыл бұрын
Business class very often fills... My boyfriend works for an airline, and so we get cheap flights and get the highest possible class available on that flight. Only once out of 20+ flights have we got into business class! Most often we get into premium economy but sometimes economy. I was very surprised that business class is so often full
@alexoh4699
@alexoh4699 5 жыл бұрын
Business class fills a lot more than most people think. We are talking about proper business not american business class which is just a bigger chair lol
@dhostwave1754
@dhostwave1754 6 жыл бұрын
This is a perfect example of "price discrimination" to show during a microeconomics class!
@joshuamayberry4301
@joshuamayberry4301 4 жыл бұрын
very enlightening for me. thank you.
@pashaofstuttgart
@pashaofstuttgart 2 жыл бұрын
excellent. well done!
@briannguyen6055
@briannguyen6055 7 жыл бұрын
i can watch since im in the middle of a blizzard
@alanfox5133
@alanfox5133 7 жыл бұрын
Brian Nguyen u in nyc
@briannguyen6055
@briannguyen6055 7 жыл бұрын
HappyBurger s nope western Massachusetts
@alanfox5133
@alanfox5133 7 жыл бұрын
Brian Nguyen close enough
@asby2154
@asby2154 7 жыл бұрын
same
@regdunlop5393
@regdunlop5393 7 жыл бұрын
Ey same
@ThePkamity
@ThePkamity 6 жыл бұрын
Great video! I think you overlooked something. When flying First class on a lot of airlines (especially through their main hubs) the passenger has access to a high-end club where services like food, faster WIFI, alcohol, etc. are included in the airline ticket price. So that profit per square foot for a first-class ticket is actually lower because they have to pay for everything else (all services, employees, and space in the airport). Make another video on airport economics!
@annonnie
@annonnie 6 жыл бұрын
The video mentions this point briefly at 9:53.
@MrTobiization
@MrTobiization 6 жыл бұрын
That is true for Business Class, too.
@matthewgupta1404
@matthewgupta1404 5 жыл бұрын
pmK0 Business class passengers have access to lounges and WiFi and entertainment as well
@kyleemacgermita7958
@kyleemacgermita7958 4 жыл бұрын
Using this for my game, Airlines Manager 2019. Thanks!
@johnwinters6999
@johnwinters6999 Жыл бұрын
Brilliantly explained. Bravo
@jorgeandrespalma2134
@jorgeandrespalma2134 5 жыл бұрын
Ideally, what you say is true: Premium seats generate more money than economy seats. However, it's more likely that a plane fills out the entire economy class rather than filling up the whole first class. This actually happens a lot and that's why if you're aiming to get a better seat, you should wait until the same day of the flight to ask if you could upgrade your seat. It will cost less than if you pre-purchased the same upgrade months before the flight.
@callum8147
@callum8147 5 жыл бұрын
This is true in relation to First Class, that it never gets filled up, but you would be surprised how often Business gets filled up because of a) how good value it is and b) it is literally "business class" and all the people on work trips fly business.
@MikeDaFuckinMouse
@MikeDaFuckinMouse 5 жыл бұрын
@@callum8147 Funny I'm pricing our upcoming trip back to Australia from Texas and the first class seats are cheaper than the business ones. $22k for all four of us vs $17k. Dunno why. Same airline.
@callum8147
@callum8147 5 жыл бұрын
@@MikeDaFuckinMouse Must be some sort of special offer.
@peterlemke3468
@peterlemke3468 5 жыл бұрын
@@MikeDaFuckinMouseInteresting to know. Are you flying Air NZ by chance? I flew Melbourne to Houston return with them a few years ago and was really impressed. Even got an additional checked luggage allowance for peanuts.
@briangasser973
@briangasser973 4 жыл бұрын
I fly JFK to LAX regularly. Good luck trying to get a Delta One seat as a walkup. Those seats are gone in advance.
@prateekaranha313
@prateekaranha313 7 жыл бұрын
Although you have shown us that business and first class get more revenue, you have not focused on the net revenue which is how much is earned minus the money spent by the airline on each passenger from different classes. I find this video incomplete as many other factors are missing such as the actual percentage of seats occupied on average in each class and so on. I'm interested to know your view on this.
@btafan11
@btafan11 7 жыл бұрын
You shouldn't be interested. He doesn't know what he's talking about as all of his videos are riddled with errors and oversimplifications.
@fabianyt123
@fabianyt123 7 жыл бұрын
he oversimplifies so that people like you can understand :)
@thebravesirrobin.
@thebravesirrobin. 7 жыл бұрын
While the video is a simplification of the real world, it still seems fairly accurate. I would like to see a more in-depth look at the other factors, though. Wendover Productions knows what he's talking about, though, he just doesn't put in the time to go from 90% accuracy to 100% accuracy and/or probably suffers from a lack of research material.
@btafan11
@btafan11 7 жыл бұрын
TheBraveSirRobin Nope, he's full of crap. People who actually work in aviation have messaged him about his mistakes and he told them they were wrong. He's a charlatan. You know it. I know it. Everybody knows it.
@airdaddy1706
@airdaddy1706 7 жыл бұрын
proof?
@jakeplayz3422
@jakeplayz3422 4 жыл бұрын
Very good video, shout out to all involved
@jmoconnell
@jmoconnell 4 жыл бұрын
Incredibly interesting. Thank you!
@BisZwo
@BisZwo 5 жыл бұрын
Nice video ! One other reason for the "first class" desapearing is that, given the price of the tickets, it is hard for businessman to present a bill with "first class" written on it to his company. Especially when there is a specific class, cheaper, called "business". So, slowly, many airlines began to call the former "businness" : "premium" and the former "first class" : "business class". Nowadays, the differences between a 1st class seat in one company that still has one and a business class in some others are scarce. (the levels of luxury involved vary between companies a lot, of course) Nice explanations ! "Economy seats are just there to fill the plane" ... ouch ! that hurts lol
@MrEdrftgyuji
@MrEdrftgyuji 9 ай бұрын
Also, the passengers that would be happy to pay for a 1st class ticket are increasingly chartering private jets instead
@romavictoriano
@romavictoriano 4 жыл бұрын
My mom used to say, being on economy, business or first class doesn't matter. As long as you all arrive safe.
@MikyleAviation
@MikyleAviation 3 жыл бұрын
Facts
@bern6543
@bern6543 2 жыл бұрын
It doesn't matter if the plane doesn't arrive. But normally you can feel the difference after many hours of being able/unable to stretch your legs.
@namename8207
@namename8207 2 жыл бұрын
@@bern6543 just walk to the toilet and stretch your legs that way.
@Teezus99
@Teezus99 2 жыл бұрын
Sounds like ur mom needs to get her money up, not her funny up
@JankerMLD
@JankerMLD 2 жыл бұрын
As long as you are not flying for 12 hours being 1.9m tall
@barron204
@barron204 4 жыл бұрын
BA has a business class only flight from London city airport to JFK.
@novemberdelta1282
@novemberdelta1282 4 жыл бұрын
But they use an a318 for that lmao.
@VivekSingh-ts1ec
@VivekSingh-ts1ec 4 жыл бұрын
This was so informative.
@Kaziklu
@Kaziklu 4 жыл бұрын
this was really neat I am flying for the first time in years and when I saw the business class seat I was so confused as to me it was what I thought of as first class (the little pod seats) I've learned that Economy for the most part is the same (depending on age of the aircraft) Economy Premium is either Economy with a little extra leg room or Business Class Light Business Class can be Business Class, First Class Light or even (jet blue mint) full on First Class without the menu. While First Class can be Business Class with a nicer menu and candy coating, First Class, or Ok you are just trying to hard. While each plane will have 1-4 classes what those classes entail changes drastically based on the airline without the price changing.
@jordanzader9352
@jordanzader9352 7 жыл бұрын
Love these aviation videos!!
@schroedingershat7912
@schroedingershat7912 3 жыл бұрын
Focusing on the ticket price is obscuring all the other ways money is extracted from economy class passengers. From parking, to premiums on taxis or train tickets, to providing no seating in the waiting area that isn't in an over priced cafe, to baggage fees. These all add a flat per-passenger profit to the airport (and thus the airline mostly through reduced costs) which makes the overall profit per economy passenger closer to the business passenger (but still not equal). This is especially true in routes that are closer to volume-limited rather than closer to weight-limited (as very long haul flights are). This is why you see economy-only layouts on many shorter routes.
@hashirekitsu415
@hashirekitsu415 4 жыл бұрын
2 years later, still dominant in aviation videos. Love it actually.
@matteotonelli376
@matteotonelli376 7 жыл бұрын
So the average person is dirt to an airline? That's comforting...
@coolakshaye0103
@coolakshaye0103 7 жыл бұрын
more like space filler
@topthrill08
@topthrill08 7 жыл бұрын
this should have already been obvious to you
@theuglykwan
@theuglykwan 7 жыл бұрын
Some airlines have proposed standing space only sections, although safety concerns make that difficult to realize. They also have proposed different ways to pack more economy passengers in the same space. The steward to passenger ratio is also insanely skewed depending on class.
@BigBoss-ps6vk
@BigBoss-ps6vk 7 жыл бұрын
italianpizzadude 20 that how the real world works if you still haven't noticed
@eddielastname6255
@eddielastname6255 7 жыл бұрын
The average person is dirt to most companies come on
@S.P.B.222
@S.P.B.222 5 жыл бұрын
Beautiful presentation, thank you! My wife and I are going to Beijing next week on Hainan Airlines, they have wonderful amenities and are definitely set up for long distance flights, even standard fare seating is like business class on any domestic airline here in the states.
@bartholomewdan
@bartholomewdan 2 жыл бұрын
It's been 3 years but how was it?
@S.P.B.222
@S.P.B.222 2 жыл бұрын
@@bartholomewdan Wow, cool seeing a response after 3 years! Anyway, that trip was especially nice, my brother in law always takes us to the coolest parks and most interesting places to see while we're there. Went to Shanghai and Suzhou. Shanghai was one of the most beautiful cities I've ever seen. The combination of old western architecture in the old town side of the river mixed with the ingenuity of new eastern architecture and synchronized lighting on the downtown side of the river was amazing. Suzhou is one of the oldest cities still standing... anywhere, it's roughly 5000 years old and it's just magical walking through the streets. We were supposed to go back again in late '20, but needless to say the world had turned into a different place by then and we're unsure, at this point, if we'll be able to get back before my mother and father in law pass away, very sad. Thanks for asking my friend, may God richly bless you and yours and please have a wonderful holiday season with your loved ones. 🙏😁
@rajatnegi9768
@rajatnegi9768 2 жыл бұрын
All I learned from this video, you're a genius in you own class!
@cynderadracona7093
@cynderadracona7093 4 жыл бұрын
I’m watching this at 2 am because I can’t sleep, but I am learning so much right now.
@surmatise
@surmatise 5 жыл бұрын
When I fly for work my employer just gives me money to buy a first class seat. I usually just buy a coach ticket and keep the extra money.
@londonmoments3791
@londonmoments3791 4 жыл бұрын
What are you doing for a living ?
@Inominifia
@Inominifia 4 жыл бұрын
@@neb4587 it might be illegal in the country that YOU live in...
@Inominifia
@Inominifia 4 жыл бұрын
@@neb4587 did you know that there are more than 2 countries in the world? 😂
@Inominifia
@Inominifia 4 жыл бұрын
@@neb4587 white people used to colonize countries all over the world so "western" looking people are everywhere. I'm also white and speak almost perfect English even though I'm neither american nor British nor from any English speaking country. Maybe his employer knows about it and just doesn't care, we'll never know unless he tells us lol
@musAKulture
@musAKulture 4 жыл бұрын
@@neb4587 CAN, but doesn't mean WILL. it is, after all, a decision based on the employer. There's basically no legal repercussions unless it gets REALLY out of hand.
@moderndroneman
@moderndroneman 7 жыл бұрын
There is a British airways Airbus A318 that is entirely business class and flies transatlantic from London City airport to JFK with a stop in Shannon in Ireland to pass through US immigration and refuel. pretty unique flight.
@lisalu910
@lisalu910 3 жыл бұрын
Wow, a very good illustration of airline classes and fares. Most people have it completely backwards. As you pointed out, in 1950 a regular fare was the equivalent of a First Class fare today. Yet people talk about how "airlines treated you right, and you had more space, better meals, etc. in those days. Now they pack you in like sardines and give you pretzels." What everyone fails to take into account is that the same experience as the 1950s-era is still an option, and in the same adjusted price range - if you want the "old fashioned" experience, you have to pay "old-fashioned" fares and fly modern First Class! What people don't appreciate is that Economy classes were ADDED to the business model in order to allow more people the experience of flying. But the minute those reduced fare passengers get on the plane, instead of being glad they can fly for an affordable fare, they grumble because they have to put up with fewer comforts. If they were priced out of flying altogether - like in the "Good Old Days" - they would be grateful for the chance to fly overseas for a few hundred dollars - something UNHEARD of in the 1950s!
@widget787
@widget787 4 жыл бұрын
Great Video, thanks! The last sentence is true. If you think about the A321XLR one could expect that one day Airlines get the Idea to just fly a full Business class XLR with like 70 seats instead of a much larger Premium heavy 777-300 with 70 business and 150-170 Economy seats. Way cheaper to operate, even without Cargo I would guess.
@paulm.7422
@paulm.7422 6 жыл бұрын
A very informative video! As many things are just "a name", I have to wonder with airlines that abandoned First Class, if they kept a business class price but just renamed their Business Class product as "First Class", if that would make a difference in bookings. Flying Pan Am 747 First Class back in the 80s, it was very nice, but the seat was certainly not the lie-flat bed available in most Business Class cabins, today.
@tuckertheyoutuber901
@tuckertheyoutuber901 6 жыл бұрын
I could be in first class, but instead I'm in math class.
@cranezilla1016
@cranezilla1016 5 жыл бұрын
You are in Lower Class.
@QuarioQuario54321
@QuarioQuario54321 5 жыл бұрын
Economy
@cranezilla1016
@cranezilla1016 5 жыл бұрын
@@QuarioQuario54321 you are in No Class
@anirudhdas2167
@anirudhdas2167 5 жыл бұрын
E
@PsychShrew
@PsychShrew 5 жыл бұрын
​@@anirudhdas2167 conomy
@NorKal530
@NorKal530 4 жыл бұрын
I'm planning to fly business class this December on Philippine airlines. I've researched it thoroughly and find it suits my needs on a 13 hour flight from SFO on a Boeing 777-333er. I'm paying approximately $2,300 per ticket but its definitely worth it, better food, seats lay out completely flat so you can sleep peacefully during the entire flight. The sliding dividers between the seats in business class for added privacy also adds to a pleasant experience. Can't wait! Thanks for the video.
@TheLovelyMudkip
@TheLovelyMudkip 4 жыл бұрын
Interesting, thank you!
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