this post was submitted on 31 Jul 2024
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Yep, you can have it one way or the other...cheap flights or super luxury and only the rich can fly. Planes are not cheap to operate and fuel isn't free.
And CEO bonuses and shareholder dividends must always be high-flying.
But even with that margins are tight, so 99.5% of why your flight is expensive is that planes are not cheap to operate and fuel isn't free. But we can pretend it's all the other thing to maintain slave morality.
Also when was the last time an airline stock paid a dividend? I'm sure one of them pays dividends but most pay dividends never.
Delta is paying a dividend of $0.15 per share in August. Southwest paid $0.18 this month. Spirit used to pay $0.10 but I don't think they do any more.
So tight! Can barely afford to keep the plane in the air what with all the stock buybacks.
Lately most airlines are making insane profits from their banking-skymiles partnership deals and less from actual ticket-holders
Frankly for short haul flights it makes sense. Would it be worth paying double or triple for a three hour flight just to get a full meal? Anyone who truly wants a taste of old time flying can get that with a first class ticket, both in terms of cost and quality.