We offer a comprehensive empirical study on hidden-city ticketing (HCT), pricing phenomenon in the airline industry that occurs when fare for nonstop trip from A to B is more expensive than connecting and C. Exploiting unique panel of over 473 thousand fares flights departing between October 1st, 2019 December 31st, 2019, we find HCT depends route competition (both A–B A–C routes), largely last...