Originally Posted by
Capot
Nowadays, THERE IS NO EXCUSE. If all the seats on the flight are sold, they are all paid for, no refunds allowed for a no-show. There is no need whatsoever to overbook to protect the revenue.
Sure there is. The business model (and therefore the low ticket prices that attract customers) is dependent upon selling at a load factor of, (say for example) 110%. If regulation forces this back to 100%, then that's (approximately, given different prices for different classes of service) a 10% gut punch to top-line revenue.