“ The only individual airline to make consistent profits is Southwest, the industry as a whole is a disaster area. Virgin America is doing surprisingly poorly in the sense that new airlines often do manage to make money for a while before fleet aging and labor disputes eat their profits up. By contrast “since 2007 Virgin America has posted a net loss of $671 million, and an operating loss of $447 million” and now they’re furloughing workers.”
Matt Yglesias makes a good argument that air travel sucks because we don’t want luxury enough to pay for it.
Source: Slate
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