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They made almost a trillion dollars as an industry last year, with 30 billion right off the top in pure profit, and mind you that's a scant few years after the
by ToucanLoucan 2y ago
They made almost a trillion dollars as an industry last year, with 30 billion right off the top in pure profit, and mind you that's a scant few years after the lot of the American one's at least were financially insolvent and crying to Congress for aid when COVID grounded their fleets for WEEK.
I don't think the airlines have a problem justifying their ticket prices, I think they have a greedy bastard executive class problem that's draining them of all their money.
- pbhjpbhj 2y ago>I think they have a greedy bastard executive class problem // I mean, that's the entire point of Western Capitalism, to further enrich the wealthy. The wealthy own the political classes, effectively. Unless you can make money off it then it's not happening.
- s1artibartfast 2y agoDo you realize that is a razor thin margin of 3%? No wonder airlines are always at risk of bankruptcy
- ToucanLoucan 2y agoMaybe they should stop doing so many stock buybacks then.
- s1artibartfast 2y agoThose come out of the profits