Quote:
Originally Posted by iggy_oi
So on one hand prices are too expensive because of monopolies, and on the other hand prices are cheap because of ruthless competition?
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Where did I say it was too expensive because of monopolies? Flying has never been cheaper.
Quote:
Originally Posted by iggy_oi
I don’t work in the air travel industry but if I had to guess, a 50% increase in fuel prices would have a much bigger impact on costs for the customers compared to say a 10% increase in wages.
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You’d be wrong. Labour accounts for 35 per cent of airlines’ operating expenses. Fuel accounts for 10-12 per cent. (The remainder is maintenance, parts and labor, handling luggage, airport fees, taxes, marketing, promotions, etc).
https://www.investopedia.com/ask/ans...e-industry.asp
And that’s airlines. Much of the crunch we’re seeing in air travel is due to labour shortages at airports (luggage, security, etc) that isn’t covered by that airlines labour figure.
If we pay people who work in air travel more (and we should) then flying will become more expensive. When it becomes more expensive, people will fly less often.