Originally Posted by
3EngineTaxi
The companies that shut down due to a lack of pilots refused to adapt and refused to raise pilot pay appropriately.
Some companies had actually evolved into a business model which depended on low pay. Lakes went OOB not because they refused to pay pilots but because their business model simply would not support the crew compensation you now see at the regionals. Lot less revenue on 1900, at some price point those folks will just drive to the nearest town with RJ service.