Originally Posted by
ReserveCA
It’s all on management…..
if they can’t pay market rates and make a profit ie: all the legacies… time for new management
“Market rates” is an interesting concept here. There’s a theory (eg Kirby) with some data (spirit) that the ULCC model is unable to compete with the legacies. If lower labor costs make the ulcc niche viable, that is arguably a different market.