Greg Ip

Southwest is picking up routes.

Fares went down considerably.

The market became much more competitive to serve because more airlines were serving it.

And the average fares went down dramatically because of the competition.

For one thing, United was the high-cost carrier, not the low-cost carrier.

And so when they liberated Gates, fares went down.

Fares could go up in Fort Lauderdale.

Passenger volume is significant.

It's a business and a leisure destination, maybe heavier on the leisure side of it.

I think they're going to be fine.

I'm Rima Jerez, host of the Marketplace podcast, This is Uncomfortable.

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Hey, Kyle.

How are you?

Well, you wake up to a new war in the Middle East and obviously people are worried and that adds to the risk in the whole geopolitical economic situation.

And this comes at a time when people are already kind of on edge about like the AI bubble bursting or maybe everybody losing their jobs to AI, still some inflation pressure out there.

So it kind of adds to an overall mix of anxiety out there.

Now, all that said, I would say that the reaction in the two days of trading we've had since the war began has been muted.