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Old 5th Nov 2007, 23:58
  #39 (permalink)  
aircraft
 
Join Date: Mar 2005
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SemperFly,

Of course airlines can make spectacular profits on occasion, but if you take a longer term view and average the profits out over those longer terms, you will indeed find that the profits tend to be "razor thin".

And this is why you have never seen, and will never see, airlines giving pay rises on the basis of a few profitable years.

Would you like me to elaborate on my assertion re the razor thin profits? I have a few favourite passages from the excellent book "Qantas Flightpaths" that I often quote on PPrune to support this assertion.

Last edited by aircraft; 6th Nov 2007 at 00:03. Reason: Added final paragraph
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