Why does the price of your seat spike right before you book it — and why does the passenger next to you always seem to have paid less? In this episode, Anusmita and Samaira break open the economics of airline pricing: from near-zero marginal costs and yield management to the psychological "fences" like anchoring, loss aversion, and drip pricing that shape every fare you see. They also unpack India's aviation duopoly, the 2025 IndiGo scheduling crisis, the state's four-decade experiment with nationalized airlines, and why the government still bankrolls regional air travel through schemes like UDAN.