Monday, June 04, 2012

the financially unfriendly skies

This is interesting. We all know that airlines have had a lot of trouble being profitable over the last 10 years. It turns out, however, that according to the GAO airlines have never been profitable. Notice that the graph goes all the way back to 1968. Makes one wonder whether we'll eventually be faced with either the disappearance of broadly available passenger air travel, or government taking it upon itself.

No comments: