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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (478473)	5/6/2009 4:14:52 PM
From: Steve Dietrich	Read Replies (1) \| Respond to of 1573954

Had it been income taxes instead of jet fuel, precisely the same thing would have happened. Obviously. The only obvious thing here is your stupidity. Taxes aren't a fixed cost the way jet fuel is: No profits, no taxes. But you have to pay for jet fuel whether or not you make a profit. (Is this too complicated for you?) If the airlines could've just raised prices to compensate for the rise in jet fuel, their profits wouldn't have gone down. But their profits did go way down. (Again, is this too complicated for you?) If airlines have the pricing power to raise their prices and therefore raise their revenue, why don't they? Are you really this stupid? Since you don't know what elasticity is, perhaps you've heard of supply and demand? Maybe read a book on economics and then get back to me, okay? SD