The Future of Advance-Purchase Fares

Another airline, the trans-Atlantic budget venture Zoom Airlines, shut down this week, the latest casualty of fuel prices. In the U.S., Zoom flew between London and New York, Fort Lauderdale and San Diego. The company apologized to passengers in its Aug. 28 statement, adding that “the price of oil resulted in our fuel bill jumping by nearly $50 million in one year and we could not recover that...