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Cheap air ticket to Shanghai

AA is doing a promotion of flight from US to Shanghai (PVG). A ticket from St. Louis to Shanghai is just $688 (before tax); the full ticket will be about $850 including tax. There are some restriction such as (from AA.com):

  • Reservations are required. Tickets must be purchased at least 7 days prior to departure or within 3 days of making reservations, whichever comes first, but no later than 11:59 p.m. November 2, 2006 (CST).
  • Fares are valid for outbound travel through February 10, 2007. Return travel must be completed by March 27, 2007.
  • But I think it’s still a good deal. This offer is good for most Midwest and Eastern US cities (transfer at Chicago).

    I remember when I took the China Eastern from Shanghai to St. Louis, the one-way ticket was about $700. Note at that time gas price was about 80 cents per gallon. Now with gas price at $2.00 (after the recent pull back), the air ticket to China is going at the other direction. No wonder the airline companies are not making money. One reason is the competition. Nine years ago there is no direct flight from Chicago to Shanghai. Now we have two daily flights. Anyway as a consumer I won’t complain. I just can not understand the airline stocks went up so much lately. I guess they are still making money :-)

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    "古人云,人不自信谁人信之." Others won't believe in you unless you believe yourself. --Chinese proverb

    Hello, world :-) I am not another stock expert. I am an ordinary guy who believes: by lifetime learning, indepenent analysis and disciplined investing, little guys can achieve great return.

    I grew up in China and currently working on CFA level I this June. Here I'm blogging about business, finance, stocks, other fun stuffs in the US and China. Comments and Email are welcome.

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