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airline industry has some cost-cutting to do, overall the high vacation costs have to come down for people to afford.
by aruanavekar 3y ago
airline industry has some cost-cutting to do, overall the high vacation costs have to come down for people to afford.
- avasii 3y agoMargins on most fully booked flights are already sub 3% on major U.S. carriers, there's no fat left to trim unless fuel or labor get cheaper.
- toomuchtodo 3y agoThey have incredible pricing power at the moment. Demand > supply, people who cannot afford will be priced out. Two questions will be when will the consumer be exhausted and tapped out, and how elastic is aggregate demand between AirBnB and traditional hotel accomodations. https://www.bloomberg.com/news/articles/2023-05-08/us-flights-hotels-auto-industry-raise-prices-testing-fed-s-inflation-fight https://www.bloomberg.com/news/articles/2023-05-08/us-flight... https://archive.is/aTyGm https://archive.is/aTyGm