Around the World in 80 Hours #1: Buy the ticket, take the ride

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Zero hour. Eric Chiang and I are now on board our Jet Blue flight from Fort Lauderdale to Bogota, Colombia. Incredibly, although the rest of the flight is full, there's an entire row across from us in extra legroom. Jet Blue competes against Spirit airlines for this route (duopoly). As Spirit's business model is based on carriers in largely less developed countries, Jet Blue has to drop their prices extremely low to compete against their single rival. Base fare for this flight was less than the cost to take a shuttle from NYC to Boston. Only $47...


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