I recall in 1987 my fare as a 17 year old PAX to Cairns from Sydney return was $377.00.
If I compare to now I think I could still get something close.
With inflation considered, air fares these days are cheap as chips.
How can this be so cheap ?
To me this would seem to be clearly an increasingly uneconomic business.
Oh hang on that's the same with all businesses these days. Bugger that, I think I will retire.