3 ms·
> a pretty inefficient allocation of capital Why? If it would help with scenarios like this, what's the argument for it being "inefficient"? Should we only thi
by bantunes 7y ago
> a pretty inefficient allocation of capital
Why? If it would help with scenarios like this, what's the argument for it being "inefficient"? Should we only think of the happy path on our books?
The reality is that these costs are offset to the customer, in the name of increased profits. I wonder how different pricing would be for airlines (and other businesses) if they didn't rely on revenue to bail them out of market fluctuations like this, and smaller ones they're sure to experience during the year.
The economy lately is like a Formula 1 engine that is designed for acceleration and short 15,000 RPM bursts of insane speed but only lasts for a few months of use.