Just waiting for our connecting flight to Chicago here in the “Admirals Club” at Los Angeles International Airport (LAX).
We didn’t get the new bed seats on the flight – Qantas are only starting to install them this month and they won’t be done of the SYD-LAX route until last.
You get that.
At least we have in-seat power for laptops now.
LOCATION: LAX, Los Angeles, USA
LOCAL TIME: 11:29am, Saturday 6th Sept.
The phrase I was looking for was inelastic demand http://www.amosweb.com/cgi-bin/gls.pl?fcd=dsp&key=inelastic+demand
While I do think the sector is price sensitive (to extent that Qantas can’t just double prices), it is price insensitive among the major carriers. I would guess demand remains fairly constant among the majority of its users.
Of course! It’s one of their most profitable and constant demand sectors. Will putting beds there first make more profit or competitive difference?