The Short discusses the current state of flight and train travel costs, noting that airline ticket prices are not decreasing despite recent incidents, such as a Delta jet flipping upon landing in Toronto. The rise in train usage, particularly Amtrak, after accidents is highlighted, alongside expert opinions indicating that demand rather than safety concerns drive travel pricing. The video advises booking early for Amtrak due to high demand and emphasizes that airfare is unlikely to decrease soon. Viewers are encouraged to share their thoughts and follow Benzinga for updates.
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00:00What are your thoughts about flying right now?
00:01One thing, is flights aren't getting cheaper, even with all of these airline incidents.
00:05In fact, travelers are paying more in alternative options like Amtrak or PAC.
00:09Let's break it down, but first, make sure you follow Benzinga so you don't miss the
00:12latest updates.
00:13Just this last week, a Delta Airlines jet flipped upon landing in Toronto, injuring
00:1721 passengers.
00:18According to AP News, Delta's CEO said the pilots were highly experienced, but the exact
00:23cause of the incident is still under investigation.
00:25Now, you'd think that ticket prices would drop with airlines dealing with issues like
00:30this and other accidents in the last few months, but that is not happening.
00:33Expectedly, according to a 2015 CBS News report, airline prices between cities like New York
00:38and Washington, D.C. went up after a major Amtrak crash.
00:41Less people wanting to ride the Amtrak, more people are flying.
00:43So with all of these incidents and crashes, why aren't flights getting cheaper then?
00:48Experts say airline pricing is driven by demand, not safety concerns.
00:51According to Scott Keyes, founder of the travel site Going, airlines don't offer flight discounts
00:55after incidences because demand remains strong.
00:58Instead, airlines may raise prices to cover legal costs, provide higher insurance, and
01:02add safety measures.
01:03And if you're thinking of skipping flights and taking a train, personally I would.
01:07I love Amtrak.
01:08So is everyone else.
01:09Amtrak Service's latest update shows that high demand has led to fully booked routes,
01:13especially in the Northeast Corridor.
01:15Last month, 110 passengers were stranded in Washington, D.C. after a major boarding mishap,
01:20which only added to scheduling issues.
01:21So what's the major takeaway?
01:23Expect airfare to drop any time soon because of these accidents.
01:27Delays, lawsuits, and other insurance costs could drive prices even higher.
01:30And if you're considering Amtrak, book early, as those trains are filling up fast.
01:34Have you noticed price changes lately?
01:36Or not?
01:37Let me know what you think in the comments below, and don't forget to follow Ben Zinger
01:40for more updates on stories like this and more.