Ever since I started covering the airline industry, flights have gotten way more interesting. A little context resolves random noise into detail.
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Low-cost carriers unbundled travel, now network carriers are doing it—but for network carriers, regional markets are partly marginally-profitable leisure travel, partly lead gen to raise market share on major business routes.
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Ie my JFK to STL flight is only profitable because its existence makes it more likely that I’ll use that carrier when I do a business trip to SFO.
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