Sir Freddie sued IATA member airlines British Airways (BA), BCal, Pan Am, TWA,
Lufthansa,
Air France,
Swissair,
KLM,
SAS,
Sabena,
Alitalia and
UTA for conspiracy to put his airline out of business by
predatory pricing.
[111][124] They settled out of court for
US$50 million. British Airways reached a separate out-of-court agreement with Sir Freddie personally for £8 million
I have no idea why Sir Freddie was a huge Lakers fan, and I'm not entirely familiar with this story, but a few comments:
He operated his air service for 16 years, which is longer than a lot of airlines
He was bounced out in '82, 38 years ago
Air travel works a little differently now than in much of his tenure due to US deregulation act ('78) and international Open Skies agreement ('79), although this can create economic factors that may create
more barriers to entry than before
He got paid a few quid for his troubles (settlements in 1985 ~ $133 million in 2020 USD, give or take)
But back to my prior comment, it was largely directed at the moaner(s) who haven't traveled by air in 22 years suggesting the secondary goods are too expensive. Of course, the explanation is time/opportunity. All of these shops are open, selling nothing to nobody, when the gates are empty also, and the opportunity for someone to purchase must also consider the opportunity to sell lost by the vendor sitting and waiting. Someone (either local jurisdiction or patron) must subsidize the loss, or the vendor leaves the market entirely. In larger airports, prices are still extravagant, but you see competition bringing them down because of the constant traffic.
Not to mention that nobody is forced to buy any of this stuff. Or you can buy them from vendors outside the airport as well, but you have to wait until you leave.