Whale Watcher

Aug 13, 2026 · bearish

(https://www.marketwatch.com/story/flying-first-class-is-getting-cheaper-if-you-dont-mind-giving-up-some-perks-76035942?mod=mw_rss_topstories) — the headline reads like a consumer win. But it's actually a margin death knell. Airlines have historically extracted 3-4x revenue per seat from first-class passengers.

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