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Business, Economy

“Air travel demand is breaking records. Airline profits are not”

“…Some airlines have forecast record demand, and in some cases, revenue. On Sunday, the Transportation Security Administration screened more than 3 million people, a one-day record.

But higher labor and other costs have eaten into airlines’ bottom lines. To adapt to slower demand growth and other challenges, some carriers have slowed if not halted hiring compared with hiring sprees when they rebuilt after the pandemic…”

https://www.cnbc.com/2024/07/08/airline-travel-demand-profits.html

This is stupid. Record demand? **If true** adjust prices. It’s supply and demand. The demand seems to be there. From the looks of it this is a problem that shouldn’t exist.

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