Why do airlines overbook flights?

Airlines have been deliberately overbooking flights for decades and though the practice infuriates passengers, industry experts argue it also benefits them. CNBC's Tom Chitty explains.

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Venus Aerospace

Venus Aerospace is a start-up pushing the boundaries of high speed hypersonic transportation. Headquartered in Silicon Valley, with offices in Toulouse and Tokyo, Airbus Ventures is a fast-moving, early-stage venture capital company that independently funds and supports startups set to shift both the aerospace industry and our planetary system to a sustainable future. Airbus Ventures has helped aspiring innovators reach new dimensions of achievement since 2015.

OTHER VIDEOS

Boeing supplier halts work as union votes to strike

video | June 23, 2023

Spirit AeroSystems plans to halt work at a Wichita plant as unionized employees vote to strike. A prolonged work stoppage eventually could force planemakers to slow or stop jetliner assembly at a time when both Airbus and Boeing are ramping up production....

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Uh Oh: The Airbus A321XLR's Gamechanging Range Looks Like It Will Be Reduced

video | August 1, 2023

The range of the Airbus A321XLR could be reduced up to 200 nautical miles (370 kilometers) following an agreement between Airbus and European regulators on design safeguards needed to achieve certification. Let’s look at the details of this disappointing news in today’s video....

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El Al Israel Airlines Eyes Airbus Order

video | August 15, 2023

El Al Israel Airlines is closing on a new narrowbody deal with Airbus for their A321neo. However, they still have proposals from Boeing for the 737 MAX. Which way will the company eventually go, and can Airbus organise a contract before Boeing offers a more attractive deal?...

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Spirit Airlines adds new routes to DFW airport

video | February 18, 2023

Spirit announced Thursday it will launch a daily non-stop flight from San José Mineta International Airport to DFW starting June 7...

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Spotlight

Venus Aerospace

Venus Aerospace is a start-up pushing the boundaries of high speed hypersonic transportation. Headquartered in Silicon Valley, with offices in Toulouse and Tokyo, Airbus Ventures is a fast-moving, early-stage venture capital company that independently funds and supports startups set to shift both the aerospace industry and our planetary system to a sustainable future. Airbus Ventures has helped aspiring innovators reach new dimensions of achievement since 2015.

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