I am a pilot, not an economist. But it's clear to me that full deregulation of airlines simply does not work. At least not in the pilots favor. Over the last few years airlines have constantly been cutting costs, often from the personnels pockets.
Its the most bizarre scenario really! If the oil price increases, gas prices increase, and therefore ticket prices should increase proportionally. But instead fierce competition between the airlines drives them to cut salaries instead of increase prices. Surely some sort of dynamic laws will have to be introduced to prevent this. If all the airlines had to increase their prices, then the competition would remain the same. Surely a passenger would pay an extra 1$, but be sure that there is a competent person at the sharp end, who is not a millionaire, but has a decent lifestyle and gets treated well.
If this continues, clever people will turn away from becoming pilots and we will end up with a bunch of nitwits and hillbillies flying buses in the air. Sad really!
