May 20th - How much??? Why it makes sense for airlines to price a one-hour flight at close to £1,000

Many people grumble at soaring air fares. But if an airline is setting fares at a preposterous level, such as £900-plus from London to Edinburgh, that's because it doesn't want you to buy it – rather, the hope is that a long-haul passenger will use it as part of a more lucrative trip. Aviation economist Oliver Ranson has been telling me more.

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