Why Flying Is So Terrible Even As Airlines Spend Billions | Big Business
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Published 2022-10-10
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Airlines Spend Billions, So Why Are Travelers More Miserable Than Ever? | Big Business
All Comments (21)
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Did I miss something? I don't remember hearing Insider answer the question of why travelers are more miserable than ever?
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When 40% of your budget is masked under 'other'.. there is something fishy going on
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Love how pilots, flight attendant, and baggage handlers get pay raise, but mechanics pay has remained the same since 2005, and corporate refuses to remember they have to pay mechanics
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If 40% of costs is masked and the focus is quickly turned on labor, you know something funny is happening. To be frank, nothing in the cost breakdown is a red flag. In actuality 30% for labor is cheap, even though the tone of the reporting is biased
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I always like how they say airlines make "razor thin profit margins" yet somehow executives never seem to take the brunt when times are tough.
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They forgot to mention the CEO's multi million dollar salary and extensive bonuses. Then there's the other board members...
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I don't care about the meal, all I care about is the plane arriving on time and get me to where I need to go on time. That and not having an oversold flight.
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All the engineers in the repair room for Delta earn together less per year than a single executive for Delta. "Some of them earn 6 figures?" executives earn MILLIONS. Give me a break from this anti-labor BS.
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I am a frequent flier and mostly fly in economy. I really don't see that airlines would try to make the flying experience better on economy class. Seats are getting smaller, legroom is limited, food is poor with most airlines, unless you pay pretty penny to fly on premium economy or business. I normally bring my own food for transatlantic journeys. Only thing that has gotten better is the inflight entertainment, with the larger screens.
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Airlines don’t operate on razor thin margins, the industry as a whole has a roughly 13% profit margin which is massive. Airlines are incredibly profitable and are jamming as many seats as possible and reducing services to squeeze as much money out of us as possible. The reason people are unhappy is because airlines treat people more like cargo than humans.
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TSA added about 99.9% of the misery factor. I flew a lot pre TSA and there was a big difference. They added hours to the process.
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40% of the spending isn’t even listed. CEOs ranking in bank as per usual
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So tired of bailing airlines out and then getting smaller seats, overpriced tickets, and bad service in return (dividends aren’t great either so who knows where it’s all going).
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"Some mechanics make six figures" ...I sincerly hope EVERY aircraft mechanic makes six figures...
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US Airlines can also rely on the government for bailouts for repeatedly making bad decisions.
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Surprised stock buy backs isn't on here
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When I was a kid in the 60s dad worked for Braniff as a painter. He was unlicensed and we had a new 3 bedroom house . The payment was $120 a month he made $40 a day so the house cost about 3 days pay. I worked as a painter at American in 98. My pay was $9 per hour. My RENT was $550 month.I also was an A&P . Anyone saying that we have a better time of it I just use what I can see.
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Airlines probably spend their money on "cost-cutting"
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"Taxpayers spent billions bailing out Airlines. Did the industry hold up it's end of the deal?" - I like how BI completely glossed over this entire article after mentioning it as a source.
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They're blaming high labor costs on the people keeping airports running and not their own CEO pay. 😂
