Published at Friday, April 05th, 2019 - 02:05:49 AM. Type of airline. By Albertyne Peters.
Following the 1978 deregulation U.S. carriers did not manage to make an aggregate profit for 12 years in 31 including four years where combined losses amounted to $10 billion but rebounded with eight consecutive years of profits since 2010 including its four with over $10 billion profits. They drop loss-making routes avoid fare wars and market share battles limit capacity growth add hub feed with regional jets to increase their profitability. They change schedules to create more connections buy used aircraft reduce international frequencies and leverage partnerships to optimise capacities and benefit from overseas connectivity. 50
Those considering how best to guarantee security to the general flying public should reject the premise that airline security can be guaranteed by the screening of the entire flying population to identify potential terrorists and prevent them from boarding an airplane. This premise needs to be replaced with a new airline security concept and a set of assumptions that have greater probability of achieving the security goals with minimal inconvenience to the airlines and the flying public and stand up to reasonable cost benefit analysis.
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