Who is topping out at $250K in the passenger world?
Who used to make 500k??
who hires expat other then 'em rets and cathay?
PanAm 1978 rates adjusted for inflation would be over 500K.
Um, then what exactly do you buy? Fuel costs have more than doubled for the airlines. Fares are inelastic due to the faltering economy. Sorry, but yes, oil is indeed killing us and every other airline (expect for SWA and possibly the "new" Delta).
The airline business model in this country since 1978 hasn't worked.....
That's true, but it didn't completely implode until oil reached $100/bbl. No one can survive in this environment, because few passengers will be willing to pay the fare that will cover fuel costs.
You're probably right.......passengers will probably elect to drive instead.
Anyone else see that Starbucks is closing 300 stores and laying off 12,000 employees? If people can't afford their coffee addiction, then they certainly can't afford that trip to Orlando.
Actually it's 600 stores...
Thanks to eight years of the most incompetent President in modern American history, our economy is in a shambles. .