Why Airlines Sell More Tickets Than They Have Seats

Airlines sometimes sell more tickets than there are seats on an aircraft. But why? In this video, we break down the business logic behind airline overbooking, how airlines predict passenger no-shows, what happens when everyone actually shows up, and why an empty seat can mean lost revenue. @Business Why explores the hidden strategies, decisions, and business models behind the companies and everyday services we interact with. From strange pricing strategies to clever ways companies make money, we look at the business stories hiding in plain sight. Subscribe for more business stories explained simply. #Airline #BusinessExplained #BusinessStories