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Tickets, please!
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Summary
Summer plans often come with a price tag, and right now, that price tag is getting bigger. This week on Everybody’s Business, Max and Stacey dig into the economics of all kinds of tickets.
First, the Strait of Hormuz has been opening and closing since the US attack on Iran in February, and the ripple effects are hitting the aviation industry especially hard. Economist Michelle Brouhard, head of policy and geopolitical risk at global trade intelligence firm Kpler, breaks down what a constrained oil supply means for jet fuel and flight prices. Then, a federal jury has ruled that Live Nation Entertainment monopolized the concert ticketing market. Bloomberg reporter Ashley Carman joins us to explain what the verdict means for Ticketmaster’s grip on the industry, and if fans will actually see relief at checkout. Plus, a tariff offer that you can’t refuse.
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