Video: Airline fares more affordable now than 50 years ago

10/30/2013 | CNBC

The cost of airline fares has dropped by 50% in the past 50 years when adjusted for inflation, experts say. The drop in cost takes into account ancillary fees as well. "We've democratized the skies," said Derek Thompson, a senior editor at The Atlantic. "We've brought airlines, which were formerly unaffordable to 80% of the country, to the people."

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