Originally Posted by
turbojet28
Sure. And that’s great. They also have substantially higher costs in order to provide those products. The whole mantra of ULCCs is that they are financially superior, resilient and outperform on margin, especially in difficult economic times. You would think 8% inflation would drive more demand to ULCC.
I would agree but we have seen no decline in airline bookings throughout the industry thankfully. It’s as if the recession and inflation aren’t even happening in our industry. Ticket prices have risen even faster than inflation and yet still no drop in bookings. https://www.forbes.com/sites/suzannerowankelleher/2022/10/14/airfare-inflation-five-times-higher-than-overall-inflation/?sh=538929cd41a2 Tech is laying off thousands and our industry can’t find enough of every employee group.