(Thanks to reader Tom for the heads up):
Interesting story about JetBlue entering the JFK/BOS – Pittsburgh markets. Average fares were cut nearly in half which, you’d think, would drive people to fly JetBlue. But in the end, US Airways, which had been ripping people off for years, lowered prices and ended up carrying 125 additional passengers each day on the routes than they had before JetBlue came along. A really good read about how lowfare carriers actually affect the market.