3 ms·
Having worked at an airline in the past 3 years, here's my opinion: 1. Margins are extremely thin, so for many airlines break even for a flight is 80-90% of ti
by thewileyone 7y ago
Having worked at an airline in the past 3 years, here's my opinion:
1. Margins are extremely thin, so for many airlines break even for a flight is 80-90% of tickets sold.
2. Regulations such as requiring airlines to fly their routes or risk losing the slot, ends up in empty flight (pure loss) just so they don't lose the slot.
3. Airlines are high cashflow businesses which are then highly leveraged with loans and long contracts. Disruption to cashflow screws up everything.
Honestly 2.5 years with the airline and I have no idea how we stayed operating.