Aircraft cabin space represents some of the world's priciest real estate, reports Forbes.
With average profits per passenger pegged at a mere USD $2.25 in 2023, airlines have found financial benefit in the demand for premium cabins. United Airlines is among many capitalizing on this trend, revealing a 20% YoY rise in premium product revenue in Q3 2023, accounting for over half of all passenger revenue.
The growth in the premium economy option, which offers an optimal balance of comfort and cost, has been significant. This shift towards premium cabins benefits airlines and passengers, with passengers getting enhanced comfort without substantial cost escalation.
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