Topic: Airfares

Mikhail Ilyenkov of the Russian oil giant Rosneft accused Saudi Arabia of manipulating OPEC prices for political reasons, with reports suggesting a willingness to accept $80 per barrel. Russia requires prices near $100 to sustain its domestic budget and future spending. A continued drop in oil prices toward $50 could significantly lower global airfares and shipping costs, providing a substantial boost to the US economy.

The "Transparent Airfares Act of 2014" is exposed as a law that actually encourages consumer deception by allowing airlines to advertise base fares without taxes or fees. The hosts explain that the law permits these extra costs to be hidden in pop-ups or links, effectively legalizing "bait and switch" advertising for the travel industry.

Airlines have begun allowing the use of electronic devices in flight mode during all phases of travel. The experience of flying coach on Delta and KLM is contrasted with the high cost of international business class tickets, which can reach $3,500 per person. The value of "economy comfort" seating, providing an additional two inches of legroom, is noted as a necessary upgrade for tall travelers.

KLM Royal Dutch Airlines is noted for offering business class fares significantly lower than Virgin Atlantic, with a round-trip from San Francisco to London costing approximately $3,000 compared to Virgin's $12,000. Virgin Atlantic's "Upper Class" seating layout is criticized for its high density, resembling historical slave ship diagrams. Air France recently reported a half-billion euro loss following its acquisition of KLM.