the.com/airline economics
an industry that loses money in good years and survives on the promise it will someday stop.
means the study of why flying is cheap, miserable, and barely profitable all at the same time.
from deregulation in 1978 turned airlines from regulated utilities into brutal price competitors, trading stability for the fare wars we now call normal.
net marginoften under 5 percent, thinner than airline peanuts
biggest costjet fuel, so oil prices decide profits
seat pricingsame flight, dozens of prices, changing hourly
break evenmost flights fly nearly full just to profit