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Slate Money: Travel: The Death of First Class

Slate News

Slate Podcasts

News Commentary, Politics, News

4.56K Ratings

🗓️ 26 March 2019

⏱️ 19 minutes

🧾️ Download transcript

Summary

This week on Slate Money: Travel, Felix talks to Charles Read of the Economist about why First Class cabins are giving way to Business Class and private jets.

Email: slatemoney@slate.comTwitter: @felixsalmon


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Transcript

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0:00.0

Hello and welcome to the death of first class edition of Slate Money Travel, our special

0:19.3

Slate Money mini series all about the economics of travel. And this

0:24.0

week, we have Charles Reid from the economist to talk about something which you might not expect

0:30.4

in a world of increasing inequality, which is that the first class cabin in planes is basically disappearing.

0:39.7

What happened to all of those people who used to fly in first class?

0:42.6

We're going to find out with Charles Reid.

0:44.6

Charles, welcome.

0:46.0

Hello.

0:46.6

And tell us who you are and how you managed to wind up learning about all of this.

0:52.1

Well, I recently wrote a piece for the economist about the decline of international

0:57.8

first-class flights. Many airlines are getting rid of their first-class flights on

1:03.1

international long-haul flights. Completely. In America, for instance, a decade ago, virtually

1:09.5

all planes crossing borders, had first-class seats.

1:13.7

Now there's only about 20 left, and the big three all want to eventually get rid of it completely in America.

1:20.6

And so I wrote a piece answering that question.

1:23.5

Why is it disappearing?

1:24.7

Okay.

1:25.1

So we will answer that question coming up on Slate Money Travel.

1:29.9

So Charles, I have this idea.

1:32.3

Tell me if I'm right about this.

1:34.6

Call it the death of first class.

1:37.2

Is first class a thing that used to exist and is now becoming an endangered species?

...

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