http://www.vancouversun.com/business/WestJet+flew+fuller+planes+March+while+raising+fares/4562030/story.html
Summary:
This article is about Westjet raising their airfare in March but at the same time they have a fuller flight. This is due to the increasing oil price recently. Oil fuel is flights biggest cost which caused airfare prices to go up. Westjet’s traffic levelled rose 13.3 percent last month. (This is measured in revenue passenger miles.) Even though airfare is going up people are still purchasing them. The numbers of customers who purchased the airfare improved and set a good foundation for further growth for the Westjet Company for the peak seasons approach.
Connection:
The aggregate demand in this article is price. Aggregate demand is the total demand for goods and services in the economy. The airfare for Westjet has increased last month in March due to increased oil price. The increase in airfare didn’t have any effect to the economy. People are still rapidly buying airfare to go travel. This even raised the travel level for Westjet. Airfare will probably increase as gas prices will probably go up in the future.
Reflection:
I think airfare going up won’t affect much people only the ones that travels a lot. This will only affect people who like to travel around. I also believe that airfare prices would go up in the future due to oil prices. I think if people want to go on vacations or travel around the world they should go now before the airfare tickets go up again. Ticket prices will especially go up during holiday times, such as Christmas, spring break and summer.
