Originally Posted by
TransWorld
Yes, there is volatility in the industry. Ridership has gone up and down. Yes, profitability was all over the map.
I kept looking for a graph of the number of pilots furloughed each year since 1970 and then a tie to why it happened. I did not find it in either article. Did I miss the graph?
Specifically, when did furloughs across the industry occur? If the 8 - 10 year frequency is correct, there should be 6 to 9 across the board furloughs, not just when an individual airline went bankrupt.
Otherwise, people are waving their hands.
I am confused on your argument. Are you trying to say that historically the airline industry is actually stable and this event is a one off? Or that black swan events don’t happen exactly every ten years. If it’s the latter I would agree they don’t seem to happen exactly every 120 months, but for sake of hyperbole it’s easier to say every ten years.