Why Did Airlines Get So Stingy?

The video explores the evolution of air travel from its golden age to modern times. Initially, air travel was luxurious and expensive, with government regulation controlling fares and routes. Deregulation in the 1970s led to increased competition, lower costs, and more passengers, but also resulted in financial struggles for airlines. Modern air travel is more affordable and accessible, but comes with challenges like crowded airports and reduced service quality. Despite these issues, air travel today is safer and faster than in the past.

What new insight or understanding did you gain from this video?