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The cost of transatlantic air fare has nearly doubled over [#permalink]
19 Jan 2006, 08:11
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The cost of transatlantic air fare has nearly doubled over the past five years, yet airlines are doing a booming business. Clearly, people today have more money to spend on vacations than they did five years ago.
All of the following, if true, would weaken the argument above EXCEPT:
(A) Most people buying transatlantic tickets today use them for business trips, so air fare is refunded by their companies.
(B) There are fewer airlines in existence today than five years ago.
(C) People are taking shorter vacations and staying in cheaper hotels than they used to.
(D) Crossing the Atlantic by ship requires more time than most people can afford.
(E) Domestic airline flights have seen a steady increase in passengers.
The idea that domestic flights are also booming doesn't sever the connection between booming business and vacation money, but shows more booming business.
The fact that most of the flights presented as evidence aren't bought by vacationers (A) breaks the connection between booming business and vacation money. Airlines can do a booming business even if business as a whole is down, as long as (B) there are fewer airlines. If people are skimping elsewhere (C), then even if they're paying a lot for air fare, they needn't have more vacation money. And if in many cases people have no choice but to fly (D), they must pay the higher fares no matter how little money they have.
Check out this awesome article about Anderson on Poets Quants, http://poetsandquants.com/2015/01/02/uclas-anderson-school-morphs-into-a-friendly-tech-hub/ . Anderson is a great place! Sorry for the lack of updates recently. I...