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01 / 05
The Gift of Flying Home for Christmas

Blog Post | Air Transport

The Gift of Flying Home for Christmas

The time price of airfares has fallen 38.1 percent in five years.

Airports will be busy again this Christmas. According to Kayak data, domestic flight searches are up 155 percent compared to 2020, though they are still 43 percent lower than in 2019.

Fortunately, we continue to enjoy the gift of decreasing airfares. The Bureau of Labor Statistics reports that since 2016, airfares have decreased in price from an index value of 270.9 to 203.8, or 24.8 percent.

Since we buy things with money but pay for them with time, we prefer to analyze the cost of airfares using time prices. To calculate the time price, we divide the nominal price by the nominal wage. That will give us the number of hours of work required to earn enough money to buy an airplane ticket.

We can calculate the time prices using data from the Bureau of Labor Statistics. They report that the nominal blue-collar hourly wage increased by 21.5 percent from $21.72 in 2016 to $26.40 in 2021.

It took 12.47 hours to earn enough money to buy the average airplane ticket in 2016. Today, it takes just 7.72 hours. That’s a decline of 38.1 percent.

For the same amount of time working, you can get 61.6 percent more airfares today than in 2016. Flying abundance has been growing at a compound annual rate of around 10.7 percent a year. At this rate, we get twice as many flights every 7.22 years.

Excerpt from our forthcoming book, Superabundance.

Bloomberg | Pollution

Mount Everest’s Trash-Covered Slopes Get Cleaned by Drones

“Human waste, empty oxygen cylinders, kitchen leftovers and discarded ladders.

Sherpas working on Mount Everest carry all that and more — 20 kilograms (44 pounds) per person — navigating a four-hour hike that traverses crumbling glacial ice and treacherous crevasses to bring trash back to base camp.

During the most recent climbing season, they had new assistance from two giant SZ DJI Technology Co. drones, which can complete the same journey in six minutes, sharing the task of clearing an expanding volume of refuse piling up on the world’s highest peak…

‘We’re very happy,’ said Lhakpa Nuru Sherpa, a 33-year-old Sherpa at local expeditions firm Asian Trekking who has reached the summit of Everest 15 times. He estimates that about 70% of the garbage usually carted off the mountain by his team was transported by drone this year.”

From Bloomberg.

AIN | Air Transport

Beta Makes First Electric Flight Into New York City Airport

“Beta Technologies’ Alia CX300 on Tuesday [6/3/25] become the first all-electric aircraft to land at a New York City airport. In partnership with the Port Authority of New York and New Jersey, one of Beta’s prototypes landed at John F. Kennedy International Airport (KJFK) after a passenger-carrying demonstration flight with a pilot and four passengers, including Blade Air Mobility CEO Rob Wiesenthal and Republic Airways president Matt Koscal.

According to Beta, the energy cost for the 45-minute flight was just $7 compared with what it estimated as $160 in fuel costs for a helicopter making the same trip.”

From AIN.

CNBC | Air Transport

Walmart Plans to Expand Drone Deliveries to Three More States

“Walmart is bringing drone deliveries to three more states.

On Thursday, the big-box retailer said it plans to launch the speedier delivery option at 100 stores in Atlanta, Charlotte, Houston, Orlando and Tampa within the coming year. With the expansion, Walmart’s drone deliveries will be available in a total of five states: Arkansas, Florida, Georgia, North Carolina and Texas.

Customers will request a delivery through the app of Wing, the operator who flies the drones through a deal with Walmart. The drone operator will have an up to a six-mile range from stores.”

From CNBC.

MIT News | Air Transport

New Fuel Cell Could Enable Electric Aviation

“Batteries are nearing their limits in terms of how much power they can store for a given weight. That’s a serious obstacle for energy innovation and the search for new ways to power airplanes, trains, and ships. Now, researchers at MIT and elsewhere have come up with a solution that could help electrify these transportation systems.

Instead of a battery, the new concept is a kind of fuel cell — which is similar to a battery but can be quickly refueled rather than recharged. In this case, the fuel is liquid sodium metal, an inexpensive and widely available commodity. The other side of the cell is just ordinary air, which serves as a source of oxygen atoms. In between, a layer of solid ceramic material serves as the electrolyte, allowing sodium ions to pass freely through, and a porous air-facing electrode helps the sodium to chemically react with oxygen and produce electricity.

In a series of experiments with a prototype device, the researchers demonstrated that this cell could carry more than three times as much energy per unit of weight as the lithium-ion batteries used in virtually all electric vehicles today.”

From MIT News.