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> it must be profitable The airline industry as a whole is not. It's lost about $60 billion since deregulation in 1978.
by w1ntermute 13y ago
> it must be profitable
The airline industry as a whole is not. It's lost about $60 billion since deregulation in 1978.
- powertower 13y agoI've read a report by an insider who claims that the unions negotiate a payout of 97-99% of the projected total profit (or revenue sans some given costs) the airlines make, when it's contract renewal time. This kind of makes it difficult for the airlines to make anything, especially on the down years that don't match projections, when they end up paying out over 100% (and end up having to borrow money, or get bail outs).