Re: Question for old timers

On Thu, 24 Apr 2008 18:19:03 GMT, Marty Shapiro
<News@xxxxxxxxxxxxxxxxxxxxxxxx> wrote:

john_kulp@xxxxxxxxxxx (John Kulp) wrote in
news:4810c000.57813020@xxxxxxxxxxxxxxxxxxx:

On Thu, 24 Apr 2008 09:37:58 -0700, Hatunen <hatunen@xxxxxxx> wrote:

On Wed, 23 Apr 2008 21:22:39 -0700, "Mr. Travel" <mtravel@xxx>
wrote:

Rog' wrote:

"Mr. DBG" <mdbg@xxxxxxxxxx> wrote:

What was airport security like in, say, the mid 1970s?
My first flight was in 1991.
I've heard that there was practically NO security in the mid
1960s; that a person could even carry a firearm on board;
they usually just turned them over to an FA on boarding
and had them handed back at the end of the flight.

No ID checks. You could give or sell a ticket to anyone.

OF course, prices were regulated

And flying was not for the low of income unless you were flying
on business. Back around 1960 most students planning a summer in
Europe took a ship because airfare was so expensive. I recall
that Icelandic Air had the best fares because they weren't a
member of the trans-Atlantic regulatory body. They charged $300
US round trip, in prop planes that landed at Gander, Reykjavik,
Shannon, and finally (I think it was) Amsterdam. Adjusted for the
value of the dollar that would be $2112 in today's money.

Where do you get an non-compounded inflation rate of almost 15% per
year for 48 years from?


The Federal Reserve inflation calculator shows that $300 in 1960 is the
equivalent of $2,185.14 in 2008.

The Federal Reserve calculator can be found at:
http://www.minneapolisfed.org/research/data/us/calc/

Just for the record, I used http://www.westegg.com/inflation/

--
************* DAVE HATUNEN (hatunen@xxxxxxx) *************
* Tucson Arizona, out where the cacti grow *
* My typos & mispellings are intentional copyright traps *
.

Relevant Pages

  • Re: Question for old timers
    ... My first flight was in 1991. ... Where do you get an non-compounded inflation rate of almost 15% per ... The Federal Reserve inflation calculator shows that $300 in 1960 is the ...
    (rec.travel.air)
  • Re: Question for old timers
    ... My first flight was in 1991. ... Where do you get an non-compounded inflation rate of almost 15% per ... The Federal Reserve inflation calculator shows that $300 in 1960 is the ...
    (rec.travel.air)