either clever misinformation or really bad misunderstanding here. “profit compared to revenue” is not a useful metric of profitability and is quite misleading.
the costs associated with running an airline are incredibly high, mostly because of jet fuel. so of course, airlines are going to be the industry with some of the smallest profit margins.
and airlines are currently in a recovery period from covid, so their profits are lower than pre-pandemic numbers.
none of this excuses the cost cutting, stock buybacks, and other exploitative behaviors of airlines. 1-2% of billions of dollars is still a fuck ton of money.
either clever misinformation or really bad misunderstanding here. “profit compared to revenue” is not a useful metric of profitability and is quite misleading.
the costs associated with running an airline are incredibly high, mostly because of jet fuel. so of course, airlines are going to be the industry with some of the smallest profit margins.
and airlines are currently in a recovery period from covid, so their profits are lower than pre-pandemic numbers.
none of this excuses the cost cutting, stock buybacks, and other exploitative behaviors of airlines. 1-2% of billions of dollars is still a fuck ton of money.