- March 17th, 2012, 4:14 pm
#385291
The highly competitiveness was forced on the industry via government over-site. And they pushed it way to far ..... Yes, they got cheap tickets, but they also drove every single airline into bankruptcy, where every single pension was dumped on the tax payer via the PBGC, (exception Southwest, which had some good fuel hedging which has now expired). They also ended up with clogged skies full of 50 seat regional jets fighting for passengers, taking up valuable slots. I could write a book on it ..... All the recent mergers are part of the fix. They also just increased the number of flight hours required to be hired to 1500. There are thousands of pilots ready to retire. Look for the regional 50 seaters to start disappearing fast .... the pilots flying those are the only one's with enough flight time to replace those now flying the larger mainline planes. Hopefully there will be an orderly transition. But fewer flights, larger planes, more qualified crews and higher prices are coming soon. Did you know that the average $250 ticket has only gone up $40.00 in the past 40 years? It's time for a reality check?
1 Corinthians 6:9