Originally Posted by sigep_nm

Oh snap, guess forgot to mention that I got a double major in econ, so let me educate you. From the outside supply-demand law is correct. More demand plus less supply equals higher prices right? Wrong. Price relies solely on who is actually setting the price. Lets take for example the US oil situation. Supply = about the same as usual give or take a few million barrels. Demand = the same give or take a few million barrels. Controller of the price = OPEC (gasp, not George Bush, no not George Bush). Now lets take airline industry. Supply = lots of pilots, Demand = Lots of pilots, Controller of price = shocker here, not LTP's, but MANAGEMENT and COURTS. Ask a Mesaba who train wrecked our contract. Wasnt LTP's, check the history, 1000 TT 100 ME FIRM as a porn star. So what is really the problem? Everyone thinks that everytime a new aircraft comes on line we have management by the short hairs, but guess what? Management has a buddy, and his name the COURTS. Yes we have a union, but guess what? we cant F====ng strike, which means we have absolutely NOTHING. So there is you problem in english you can understand.
Next point"
The Law of diminishing returns:
To produce another product the cost actually increases beyond the benefit of producing that future product, case in point, UAL. Expansion exceeded what would be profitable, causing the cost to do that 'extra flight' to exceed the revenue that it would produce. I am sure you are puzzled at this point so I will dumb it down. Airplane (they cost money to lease or buy, take you pick) + crew + fuel + maintenance (love to believe those guys work for free but they dont) + training + insurance + lawyers (they are always swimming around) exceed passenger load. Who makes all these decisions? MANAGEMENT. Who supports all these decisions? COURTS!!!!!
Next time dont read into a frat name and think we are stupid, just bring the facts my friend, you have been officially SNAPPED BACK