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Airlines Race to Fill Seats
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Airlines are intensely competing to fill a record 260 million seats, resulting in a 13% decrease in flight prices, with some flights as low as $29. Despite declining pricing power, holiday demand remains strong, and airlines are optimizing aircraft usage for 2024.
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How might the intense competition among airlines impact the overall stability of the airline industry?
What factors could contribute to the strong holiday demand despite declining pricing power?
What strategies might airlines employ to optimize aircraft usage in 2024?
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