Bloomberg is out with what is an almost routine update on the sorry state of municipal finance.. Note that the PWSA issue here is mentioned. See: Municipal Market Regulator Regrets Enabling Losses
and after my brief look at this
... and then some coverage in the news, take a look at the latest PR from Delta which now shows an even cheaper Pittsburgh to Paris cost of $329 each way
. Great for us, but it is a sign they are having problems filling the seats.. My question is that I wonder how that deal works that they are reimbursed if they do not fill enough seats. There must be verbiage in there on what fares they have to offer. Otherwise, what incentive do they have to cut the fare to the bone vice keeping prices a big higher and then demanding reimbursement via their agreement. Just asking, I have to believe the lawyers have it worked out somehow in the details.
and I just noticed..... that Pittsburgh to Paris cost is
tied for the cheapest
(whoops... Denver to Shannon is the cheapest at $299 each way, but the main point I think is still valid) European airfare Delta is advertising in that press release. What could that mean? low demand? Big supply? The core factoid put out on the Delta flight that 170 or so people in Pittsburgh originate a trip to Europe daily comes to mind. I don't dispute it at all... sounds right although I have no info on that. But is that really enough to support a flight. I am not sure its reasonable to think such a flight would ever capture all or even most of that demand. I flew to Europe a lot even when the Pittsburgh to Frankfurt and even the Pittsburgh to Gatwick flights were around, but I think I only took the USAirways to Frankfurt flight once. For scheduling or cost reasons it would often no be what I got to take even if I might have liked the idea purely on convenience. And that 170 number must be calibrated to a pre-recession world. I wonder what it really is these days if it's a knowable number.