4 ms·
sounds like it's not efficient at all? it's barely functional as a business and is only surviving on grifty addons?
by ajkjk 6mo ago
sounds like it's not efficient at all? it's barely functional as a business and is only surviving on grifty addons?
- avarun 6mo agoThis is a textbook case of competition pushing profits down to 0. That's an ideal case scenario. Why would you want to change this?
- chadgpt1 6mo ago[dead]
- thesuitonym 6mo agoMaybe they would have been more profitable if they weren't funneling $1 million every year into their CEO's pocket?
- wat10000 6mo agoThey were losing hundreds of millions of dollars a year.
- hakfoo 6mo agoBecause at the end of the day, "profits down to 0" also means things like "reserve capacity down to 0", "safety margins down to 0", and "any aspect of the experience that makes it less miserable than being crammed into the cargo pen down to 0". A modest regulated profit could result in a healthier industry-- one where the least economic hiccup doesn't cause carriers to shut down with limited notice, where they can afford to not play chicken with hours-of-service laws and maintenance standards, and where people don't get promotions for trying to sell the idea of standing-room tickets.
- wat10000 6mo agoThe industry is extremely safe. Neither of the two recent fatal accidents involved safety lapses by the airlines and air travel is so safe as to be difficult to measure. I don’t understand how higher profits would translate to a less miserable experience. Nice experiences are available now! You just have to pay for them. All regulation would do is remove the option of not paying for them. If you want to pay more for a better experience, nothing is stopping you now. The fact that the airline that just went under was one of the most miserable, most nickel-and-diming ones out there suggests that this isn’t actually the way to compete, and the market does allow for some room at the bottom there.
- ajkjk 6mo agoBecause of the "grifty addons" part. Is that not obvious? This situation is not ideal.
- emmelaich 6mo ago"Perfect efficiency comes at the point of collapse" Don't know where I read that, but it seems apropos.
- tt24 6mo agoGood? It’s dirt cheap
- victorbjorklund 6mo agoIt’s perfectly competitive. There is no rent seeking on the core.
- wat10000 6mo agoIt’s highly functional. It’s barely profitable. That’s good for the customers.