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European cheap airlines have shown these prices are indeed sustainable for the last 20 years now?

The way it works is that ticket price of 10 EUR only really covers the cost of printing the ticket :) Everything else costs extra, which means that if you, for example, want to take some luggage with you, you would need to pay around 100-150 EUR

You do but nowhere near 100-150. They try to upsell stuff indeed but luggage is not that expensive.

Is every seat on every flight 10 EUR?

No, but you can check yourself. Flying in Europe is cheaper than train or bus. Not sure if there are Ryanair style cheap airlines in the US or other parts of the world.

Indeed. In particular, the rail ticket I bought at the destination airport was about twice the price of the flight, even though it was a much shorter journey.

Isn't this trading convenience (like flying stand by or at odd hours or dates)?

My guess is if flights priced in externalities they could not be cheaper than alternatives like trains. (Unless they're leaning on whales like first class to subsidize cheaper seats.)

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