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Another way to think about it is that safety is good for profits, at least in so far as consumers care about it. And I think consumers do care quite a bit. Of c
by spearman 4y ago
Another way to think about it is that safety is good for profits, at least in so far as consumers care about it.
And I think consumers do care quite a bit.
Of course there are arguments to be made for regulation, but I think your statement is overly emphatic.
- brazzy 4y ago> And I think consumers do care quite a bit. In theory, if you ask explicitly, of course they do. In practice, they choose the cheapest ticket and maybe avoid airlines that have had a high profile incident recently. They don't have the time or means to actually evaluate an airline's safety culture. Meanwhile, executive decisions are driven by quarterly earnings reports, and you can cut a lot of corners for quite a number of quarters before your luck runs out and 200 people die. My statement is, if anything, not emphatic enough.