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Originally Posted by CliffFletcher
Where did I say it was too expensive because of monopolies? Flying has never been cheaper.
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I was just making a comment on the general contradicting views in this thread.
Not according to your numbers:
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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).
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A 50 percent increase to the 10-12 percent of the overall costs for fuel is much more than a 10 percent increase to the 35 percent of the overall costs for labour.
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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.
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Using the numbers you provided, a 10% increase in wages would lead to a roughly 3.5% increase to the overall price people pay for air travel. I don’t think that is going to a have a very significant impact on how many people travel, especially if proper staffing levels helps to improves the current situation(crisis?)