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US airlines are trying to reduce their costs so they can offer lower fares, for which there is intense competition. You may have noticed that airlines are not a
by avalys 3y ago
US airlines are trying to reduce their costs so they can offer lower fares, for which there is intense competition. You may have noticed that airlines are not a hugely profitable business, with profit margins of a few percent.
US regulators are at fault for not setting regulations which define whatever behavior you think is missing here.
- wmidwestranger 3y agoJust a few percent profit on 100+ Billion gross, how can they make it work?
- Tempat 3y agoLess planes and more expensive tickets?
- wmidwestranger 3y agoSorry, should have flagged as sarcasm. American Airlines yearly reporting said they had ~52 billion gross for 2023 and that is just one airline. At a 2% profit, that is 1 billion (or 1,000 million) in profit for the year, just for them. Not sure what the gross revenue for the entire industry is.
- 1over137 3y agoMany parties can be at fault simultaneously.
- Razengan 3y agoUltimately it’s down to how human civilization is structured and trained: To optimize money over everything else.
- hobo_in_library 3y agoNot human civilization, but places that have adopted modern capitalism.
- Boatfaceing 3y ago[dead]
- oivey 3y agoOver regulation: the government’s fault. Under regulation: the government’s fault. Airlines run the planes, and it is their duty not to kill their passengers. It’s their fault. If they kill people, that’s their fault, and they should go to jail for it. The lack of regulation can in no way be used an excuse by dangerous businesses to avoid responsibility for their dangerous behavior. I do agree the government should increase airline regulation. The airlines ran the lobbying campaigns to deregulate to begin with. That should also be made illegal.
- freefaler 3y ago> The airlines ran the lobbying campaigns It was the entrants who wanted deregulation. The old-time airlines did not welcome the competition. (as mentioned in Southwest history in US and Virgin's in the UK and etc...) The system works pretty well for the amount of flights it carries, compared to the olden days when it was more risky.