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The airlines that are stockpiling capacity at our expense will come hat in hand for a bailout at our expense.

Yep. The same airlines that today are crying because of their "razor-thin margins" are the same ones that recorded billions of dollars in profit just a few months ago.



Airline margins are highly cyclic. Making "billions" in one month, might be countered by huge losses in the next.

Evey yearly numbers don't tell the full story - you have to look at multi-year trends in profitability.

...and, indeed, they aren't great for the industry as a whole. Most nations operate a national carrier at a loss.


One of the biggest signals is always the price of fuel.

You need a ton of signals to actually interpret the condition of an airline.


Just because profits are measured in the billions doesn't mean that they aren't still "razor-thin".




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