Crocodilian

Are Airlines Going Bankrupt Again?

Author writes: "it is obvious air fares are simply too low to support the on-going fixed and variable costs of one of this country’s most important business sectors."
----------------------...

Um . . .head scratching . . . if the airlines aren't filling the seats with these cheap fares, how do you think they'd do with higher fares?

The problem with the airlines is not "cheap fares" -- its too much capacity.

Why is there excess capacity? For the same reason that there are too many condominiums in Las Vegas: far too much credit, on much too easy terms.