Jan Brueckner, an economics professor at UC Irvine, noted that major carriers have launched bare-bones economy fares to compete with low-cost carriers. “A lot of people are buying them,” he said. [Subscription required, you can request an electronic copy of the article by sending an email to communications@uci.edu.]

For the full story, please visit http://www.latimes.com/business/la-fi-airfares-drop-20170725-story.html.

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