Why do airlines overbook their flights?

 We’ve all been there: You turn up to the gate and there are more passengers than there are seats on the plane. You wouldn’t be the first person to think, “If you only have 200 seats, why would you sell more than 200 tickets?” It turns out there are excellent reasons for doing this, powered by money, efficiency and a whole lot of statistical analysis. Read More

from TechCrunch http://ift.tt/2on0bqM