There is excess capacity because we killed fifty million consumers in the last forty years. They would have been born with a credit card in each fist, but we allowed them to be aborted.
On Jul 06 04:24 AM Crocodilian wrote:
> 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.
Are Airlines Going Bankrupt Again? [View article]
Are Airlines Going Bankrupt Again? [View article]
Are Airlines Going Bankrupt Again? [View article]
On Jul 06 04:24 AM Crocodilian wrote:
> 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.