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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (917)7/30/2018 10:16:58 AM
From: Horgad  Read Replies (1) | Respond to of 13784
 
My big concern right now is on safety...especially amongst the low cost carriers. With the current highly competitive market, it is only a matter of time before too many corners are cut and lives are lost. Of course a free market will adjust and safety will naturally go back up as consumers and courts punish accordingly, but that only happens after the bodies are piled up. Oh the joys of capitalism...



To: elmatador who wrote (917)7/30/2018 10:22:39 AM
From: robert b furman  Respond to of 13784
 
Market based pricing alive and well!!

Bob



To: elmatador who wrote (917)7/30/2018 2:14:46 PM
From: Elroy Jetson1 Recommendation

Recommended By
elmatador

  Respond to of 13784
 
Fuel cost, the largest cost in transport, has been the biggest cost reduction in air transport. Aircraft now use less than half the fuel per passenger mile than they used in the 1950s. This is mostly due to increased engine efficiency with the rest coming from reduced air-frame weight and improved aerodynamics. - theicct.org

In the process, the number of passenger flights has increased dramatically, which combined with computerization, has created huge economies of scale which weren't possible before. Regulated prices went away when the airline industry no longer needed it. Deregulation temporarily worsened safety, but improved design and regulated maintenance practices have also made air travel exponentially safer than when I flew 2 or 3 times a day for business.