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by aziaziazi·3y ago·view on hn ↗
The causes you propose may be true but don’t respond to “higher than never”. I’ll add to your note the not-totaly-solved risk of petroleum not being infinite and while the industry is not freaking out, it has started to questioning itself.

I can buy “prices are very hight” but how would you measure that ? Also did you took inflation into account in your estimation ? Flight “recovery” is largely due to Asian market booming, so prices may go up in the US while decreasing in the biggest market share.

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You are absolutely correct. Demand exists but is it "higher than ever"? I don't know. I don't even know what units are used to describe demand. I don't even know enough economics to be able to tell you how you measure demand. For instance I would like to buy some long haul flights but will have to delay due to being outside my budget. Is that demand?

Regarding prices obviously you can adjust for inflation and affordability changes but all statements like that have to be accepted as only being valid/pertinent for certain time periods. I think in this context only a few people are interested in a comparison to the 1920s, 1960s, etc