On today's earnings call a new product to be introduced by year's end was mentioned. This appears to be the new basic economy fares. Apparently these will be announced or fully fleshed out at the November 15 investor day.
Far from the first time the basic economy fares have been mentioned. We've been expecting them for a long time now.
I agree we have been waiting for the official word for some time. But this time they sound like they really, really mean to say something about them on November 15. I think they are taking lessons from the Fed.
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