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19 Aug, 2012

Running On Empty: Big Airlines In Big Trouble By Andrew McKay

For the majority of us with regular jobs who fly economy air travel is increasingly becoming like its land-based cousin: cramped, overcrowded and at times downright unpleasant.

Air travel has always been a fickle business, earning an average net profit of one to two percent, compared with an average of over five percent for U.S. industry as a whole. Research from the 1980s found that some carriers would have zero profitability if they had lost just one out of ten business passengers.

So how does the future look for the airline industry? If recent trends are anything to go by, not good. Not good at all.

via Running On Empty: Big Airlines In Big Trouble By Andrew McKay.