They make the profit that most Airlines can only dream of and still not enough.
LH, AF/KLM USA companies all make handsome profits and have hugely better T's & C's. Why does anyone think they can reinvent the wheel? True, much good has come out of the LOCo revolution. High priced cartels have been broken; pax have benefitted. The majors have responded and cut their cloth accordingly, but not too much to tarnish their product. Pax & workers knew they were unsustainable. I've mates in various large majors and yes, they do work more hours than they used to, and retire later, but their deals are light years ahead of the LoCo's, they still make good profits and mostly the employees are happy; because they see what is going on on the outside. It was all cosy & rosy now it's a fair days pay for a fair days work and the fringe benefits still remain.