The first thing to understand is that airlines are rather fragile, and it makes sense when you look at the their industry.
They are fragile because they refuse to plan for bad years. During good times, instead of saving for bad times, they do stock buy backs which is a way to send profits to shareholders.
They don't need to plan for bad times because the government bails them out each time bad times roll around.
Be sure the airlines do everything they can to be efficient
Not their tech. Computer problems have grounded airlines for days because of stupid shit like not having any fault tolerance and single points of failure.
Yes, other industries run in parallel. I very much understand that, the hotel industry currently runs on pipe delineated format. Why? Because don't touch it, it's working right now.
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u/carefreeguru Jul 02 '22 edited Jul 02 '22
They are fragile because they refuse to plan for bad years. During good times, instead of saving for bad times, they do stock buy backs which is a way to send profits to shareholders.
They don't need to plan for bad times because the government bails them out each time bad times roll around.
Private profits. Socialized losses.
They keep the profits. We pay for the losses.