On a recently no-seats-left flight (Then again, how many have I been on in the past few years that haven't been full?), I said to a flight attendent (who was complaining to me about the economy; I told her to contact you and Pete) "Well, at least this airline is making money on this flight because it's so full." She quickly responded, "Probably not."
That raises an immediate and very fundamental series of questions:
Here's this week's "Fiscal Fitness column from Roll Call.
Fiscal 2010 Budget Fight Will Make All Others Look Easy
April 15, 2008
By Stan Collender,
Roll Call Contributing Writer
The Federal Reserve faces a big dilemma late this year and next year: How long can the Fed wait to raise rates and to cut back this liquidity injection? The Fed remains quite concerned about inflation; however, it has a more immediate priority -- to keep the financial system from seizing up.
I've been on the road this week for the Samwick family sorta-annual trip to the Bay area. The trip out here, originally scheduled for a Boston to San Francisco nonstop, would read like one of those Fortunately/Unfortunately stories we remember from childhood. It is amazing that the airline industry survives in any form with fuel costs as high as they are and fares as low as they are.
Let's run the numbers:
4 seats x 2700 miles/segment x 2 segments = 21600 seat-miles
360 gallons x $2.60 per gallon (here) = $936