Why Airlines Overbook: Having fun with Toy Models to maximize Profits
Why Airlines Overbook: Having fun with Toy Models to maximize Profits Chances are, all of us have heard of recent news about Joined Airlines artificially deleting a health care provider away from a keen overbooked airline. Pretty much every significant guide provides a narrative about how precisely some airlines handle overbookings and the rules and regulations that are included with it (hint: Joined does not food very well), but we wanted to go through the economics at the rear of [...]