Originally posted by: andy04
Originally posted by: Ronstang
Originally posted by: child of wonder
But the airlines have been filing for bankruptcy for the last 10 years long before fuel prices skyrocketed.
That is because of all the cutthroat competition driving fares down to unsustainable levels. The low cost airlines depressed the fares so much that the big carriers didn't have much choice but to follow. When one airline would reduce fares the others would follow, and so on and so on. The result is lack of profitability. The management has also been sorely lacking in the industry for a long time. I love how they drove down fares to levels that should bankrupt a company and then expect the government to bail them out of their stupid decisions. Don't worry, there won't be many airlines left in a few years and the fares will probably be double what they are today. Air travel was never intended for the average Joe anyway.
Ok...
1. This is US of "A" flying is for everyone... just like cars and homes
2. Automobile industry is facing same probs... and they are inovating their way out...
3. They buy oil 1 year in advance...
4. Foreign airlines with much better track records are willing to buy these airlines IF US govt allows... they think they can make profit
5. their management/CEOs are just as corrupt as Washington and both togather having fun on tax payer's expense...
Pitchfork guys :disgust:
We really need a communist minded leader like Hussein - transfer of health :beer:
I was not being a snob, I was stating the facts....and flying is for whoever can afford to pay. Do some research and come back and tell us what airfares were in the early 1970s when oil was cheap. The average family could not fly much of anywhere without saving for quite some time. You will be surprised just how expensive it really used to be.
