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Runway Pricing

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"Runway Pricing"

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I was getting mad yesterday about private jets. Mark Kleiman reminds us that there’s actually something perfectly sensible we could do about it—charge market rates for runway slots.

Private jets completely aside, this would be very good public policy. In essence, it would create incentives for the runway slots at peak-demand times to be filled with large-capacity planes meaning that more customers could travel during the aforementioned peak demand times. It would also provide an additional discount for flights happening at low-demand times creating options for travelers for whom budget is the primary concern. And as a side-effect of all of this, it would make it much more expensive to fly a private jet into a major airport.

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