precisely, thumbs down for this video.

This is straight up aviation propaganda. The comment that "it got the bailout to make payroll" shows the bias. The majority used the money to do stock-buy backs and enriched their executives. If the taxpayers are going to hold all of the risk for aviation industry, why not just nationalize it rather than giving these idiots the profit for worse service?

When 13 airlines existed now only 4 do thanks to consolidation and a DOJ asleep at the wheel in preventing this consolidation. It is only after consolidation that United pioneered the Premium Economy and paying for checked bags. And now they complain about losses. They have become fat, dumb, and happy and treat passengers like crap. United is the worst.

Yeah, I feel like this is a sob story piece.

That’s what we should be wondering

Airline Sr Management bonuses :D

Stock buy backs

spider the ohio went to a hoppa log ahuh... jones? jones?

They needed a bailout because they spent an absurd amount of money on buybacks for their investors. Sipping all the profit out so when pandemic hit they wjere account naked

There's nothing fishy about airlines banking up money for later. There's reasons not to disclose exactly how much of their annual budget they're putting towards savings: competitors can usually figure out you're planning some sort of big move if you're bankrolling money, and investors always take saving up money to be a sign things are about to go to shit, so it's bad for investor confidence. When your daily operations require lots of money to run though, you need huge amounts of money set aside in case shit goes south and the government decides not to help you (ex. Virgin Atlantic during the pandemic). The video already said multi-billion dollar losses in a single quarter aren't uncommon in the post-COVID world, and both real-world loss data and the public image blow they took by asking for a bailout during COVID means airlines are likely making larger rainy day funds. The video also mentioned explicitly that part of this goes to insurance - both to a third-party insurance company, and a reserve set aside for payouts that insurance may not cover. Stuff like employee disability, compensation in case of passenger injuries/fatalities/lost property in an accident, etc. If you don't set money aside for that or take up a policy, then one bad stroke of luck can ruin your airline's finances, as Lockerbie did for Pan Am. Also not listed there is upkeep for actual properties an airline owns, like hangars or lounges. That's often property bought outright, not bought/bid/traded like landing and gate slots. New products were somewhat covered, but big stuff like Qantas' Project Sunrise isn't always in the works, and costs a lot more money than just updating the in-flight menu. Those one-time R&D costs are also something airlines need to save for.

can't wait for the mechanics uprising

Liberté, Égalité, Fraternité

Not sure where you're getting 2005 from when American Airlines and TWU-IAM reached a new contract in 2020...

Agreed. They get treated like trash, yet if they mess up or not do their job 10000% the bird comes crashing down to smoky hole airport.

Fight for your rights, then. Join a Union, go on strike.... very few employers give voluntary pay rises without being asked more or less friendly. "Only" complaining about someones elses payrise MIGHT lead to yourself getting a payrise, but I wouldn't count on it.

CEO etc. pay probably not accounted for in “labor”.

I am surprised airlines haven't turned to robots for some of the jobs. Like the people that put the bags onto the airline. I am pretty sure you can get a robot to do that. Grab it from one place and then put on airplane. Even with the cooking too- you could have robots assembling the food similar to what food factories do. Robots do a lot of the work in food factories. Also I have to say--- that the airline food no matter what in economy class sucks. I meany really sucks. Now if you go into business class or first class, then the food is way better. Then lastly, the seating on airplanes sucks if you are in economy or even economy plus. They should just give you more room for you to spread out in front of you no matter what.

@@boohere2 if all bags were the same size maybe. But they arent. I ofen see bags that are basically balls with how the are wrap for plastic, and the size limit on the cargo pits vary. In a 777 manual bulk pit I can stand almost completely upright, and im 6 feet tall. A 737 is maybe half that. And the foward pits on a CRJ jet? Human can only fit if laying flat. Bags for that are loaded onto trays and slid down. And we do more than just load bags. We provide important safety functions in acting as another pair of eyes on the airplane to see if something is off with the airplane

@@boohere2 ok then go design a robot that does that… if there’s an opportunity someone would have already done it

I thought 30% on labour was rather cheap. I had expected closer to 40%.

Because those who are invested in Airlines, use it more as a storage of wealth than a growth one. Many investment banks, hedgefunds etc have a small %age of their total investments in Airlines, so when Airlines make a loss, it does not affect them.

I used to think that "yes, I would like to earn this level of salaries", but having worked in different sectors.. It is even harder, to train the next generation to actually carry on carrying that baton? Extremely hard actually. And you have to ask yourself, how come, these people know what to do, and how to do? You do not. This is a situation of.. several groups of experienced people to put into place, and processes to ensure that every single thing is done to the tee. THAT is what this is... but what does that do for the average man? It doesn't. While we can and have literally moved a lot of goods around the globe... and store them... in warehouses. Well... we literally cannot.. If you think about it. How old are these people? They are just around their 30s or 40s... It just means that, we have a lot of people to make something work.

It like that for all mega corporations, especially in the US

@@CoolMan-ig1ol the airlines business is not flying passengers, their business is selling points and flyer miles to banks, credit card companies and such. That’s where they make their money. That’s why they do not care about the comfort of average passengers. They just exist to cover costs of planes and such.

Wait what? Didnt many airlines suffer during covid lmao

Of course they did. It's "Business Insider" doing the story here lmao

Yeah I was thinking about that at the very beginning, "where does all the income go in -blank- business?" And I always think "million/billion dollar CEO's" each and every time

And?

@@user-fq4oq9qv7b And the rich get richer and the poor get poorer.

@@Eusantdac way the world has always worked, and will continue to work.

I'd prefer a safe plane too

And there are other customers with other preferences beyond just getting there on time, and that can't be ignored either.

Uh ok, but that does make me wonder what the longest flight you've ever been on. I've been on a 16 hour flight, comfortable seats and at least not bad food kinda help when your stuck in a tin can for 16 hours.

I mean yeah on a quick 2-3 hour trip it’s not exactly a priority. 8 hours plus?? Yeah you don’t want gross food.

U sound like life's been really Really Cruel to U :( But don't U worry ... coz Jesus, the Son of God, The Almighty, loves U anywayz :)

This channel always portraits the bussines in a positive light. Since that is how they get their in deep interviews.

@@lucaskp16 True, hence we never seen a clip applauding about a new and improved economy product, since those are nonexistent :D

@@PakaBubi dont gte me wrong i love current aviation. is safe and cheap. comfort is a nonfactor when we can go to another country for this price. i am from Argentina and we don't have low cost carrier and that makes me envy europe a lot. airline comfort is a first world problem. for third world countries the possibility of flight at all is a marvel.

No choice. They have to maximise profits as its super competitive amongst airlines these days.

I am also a frequent flier and mostly fly domestic first class. On anything other than a transcon flight on a widebody, it’s not a whole lot better up front. Certainly not to a degree commensurate with the price difference. (Sent from seat 3B on a three-hour United flight on which first class was $1600 vs $340 for economy. Only meaningful difference is a wider seat with some more pitch.)

Yeah exactly, it's literally about extracting as much profit as possible, free market capitalism is done.

Umm most of them dont get paid salary they get shares

@@diegorjalvarado shares ARE money. It's like if I payed you in gold or property it still has buying power.

@@Totalinternalreflection just had to comment on the aphex twin pfp, you got good taste

I am surprised airlines haven't turned to robots for some of the jobs. Like the people that put the bags onto the airline. I am pretty sure you can get a robot to do that. Grab it from one place and then put on airplane. Even with the cooking too- you could have robots assembling the food similar to what food factories do. Robots do a lot of the work in food factories. Also I have to say--- that the airline food no matter what in economy class sucks. I meany really sucks. Now if you go into business class or first class, then the food is way better. Then lastly, the seating on airplanes sucks if you are in economy or even economy plus. They should just give you more room for you to spread out in front of you no matter what.

If you account for the risks and average out recessions the profit margins decline significantly. People get what they pay for.

13 percent is not a massive profit margin at all, 10 percent is considered average. good is anything above 20 percent. i see you have never ran a business have you

@@zesolodar clearly you haven't, because "good" is around 10%...nobody makes 20%+ unless it's a small business that brings in little revenue anyways.

Their margins are not that high.

@@linusmlgtips2123 i run a business with 7 mil in assets make well into the six figures and im only 32- tell me about your company. no company makes 20 percent ok lets see coca coa- 23.44 apd is 20.33 and there a re plenty that hover in the 18-20 range. i can go one but that proves your statement incorrect sorry your clueless. im not saying 10 percent is bad im saying calling it massive or good is not correct

@Ned Steinberger I just don't fly. If humans were meant to fly, we'd have wings. Catch me in the sky, you can't.

@@jadecoolness101 that's the stupidest reasoning for not flying that I've ever heard lmao.

@@user-fq4oq9qv7b You must be a pilot because you seem mighty offended that I'm not giving them money

@@jadecoolness101 lmfao 🤣

@@jadecoolness101 so you just walk everywhere? People also weren’t supposed to be going fast across the ground in metal boxes so no cars or trains. Also no boats, bikes, scooters, or skateboards. Not a good reason to not fly.

Exactly. Bloomberg estimates 400,000 airline workers were fired or furloughed during covid and this video said they used the bailout to pay staff?

I was like "why tf are we bailing them out????"

That is a group of people I strongly dislike.

Security theater at airports sucks. Wish they would actually do something for how many hours of my life has been wasted in TSA lines

It takes me about 15-20 minutes to get through TSA when it’s a longer line. It seems very simple: put yourself and your stuff through a scanner, and, if you’re “clean”, go on your merry way.

@@anatoliagolden-hall4553 90% of the time I spend in tsa is waiting in the line. If 20 minutes is the longest line you’ve been in your lucky, not efficient

@@EthanDurant Way more time is spent waiting at the gate to get on the airplane, than waiting in the TSA line to be scanned. Plus, people have the option to get a TSA “fast pass” if you pass an FBI background check. Maybe you’d want to look into that?

not really bad decision if the government will bail you out

Bailouts is a "yellow journalism" term. They were LOANS paid back in full.

(⁠⊙⁠_⁠◎⁠)

dangDEMOCRATS!!!!!

@@Zeevuhl the airline bailout was signed by Trump.....

Umm airlines dont pay the people who run the airports lol

@@diegorjalvarado Not directly, at least.

@@diegorjalvarado the people who keep airport running (workers), not the people who literally run them (owners)

Ah, the golden age of flying! I remember when airlines would put a miniature 4 pack of cigarettes on every seat, with mommies barging down the aisles, to remove them, before their delinquent kids got there,. Tobacco and alcohol was served in the name of safety, to keep passengers sedated and relaxed. Today? A 40something hag snarls, "Siddown, Shuddup, we're outta booze." Looking at you, American Airlines.

"Lighter colors are lighter" Cant tell if this is sarcastic or not

I fly in and out of TUL all the time. Thanks for keeping the planes safe!

Bloat. From ill-made decisions on the managerial end.

Across the pond it seems like were starting to have management realising good manpower doesnt come cheap after 2020 mass exodus from the industry. Ive had poorly maintained aircraft come through in the past and you can end up spending double the time just removing the part that has been incorrectly installed.

exactly !! This industry is rotten to the bones, I can only see greed and stupidity.

In the end u realize they have CRAPTON of money, and they just dont care. They keep telling you it costs a fortune when aircraft is on the ground for a day, but why bother with couple of millions when you're hauling in trillions.

Seriously I expected way more.

Cool story. Maybe you should make a novel out of it.

It would only be a short story…The End.

Right? Calling them waitress seems a bit offensive to all the training they do to save hundreds of people in emergency, they're the first responders on the sky.

There’s a reason why 40% of the spending is not even shown lol…

I’ve thought of working for Emirates but I’ve got tattoos lol I’m glad to hear people think it’s awesome tho!! I’m jealous

Stay Blessed !! :)

You sure you were working at the gulf? Nothing I hate more than GCC flights and 100+ kids on CAI flights running all over the plane during taxi while their parents give you their “LV” bag to put in the overhead because they can’t be bothered

@@MandoMonge I guess I am sure, kinda feels like a dream tho. Most people that are flying have not had too much sleep. This can result in them not looking out for their children as much as they would usually do. There could be a million reasons. Anyway, it is fun to see how the children still have so much energy and are excited to fly. You could see everything as a negative but then I'd advice looking for a job where you do not see any people.

Dubai is a fake city

Which just about equaled the money they needed to stay afloat during Covid. But instead, the did buy backs and got yet another bailout

Right?!

yeah thats a cheap one. it's like 20-25k from Australia to Europe

Oh yes. Living wage

Well their employees definately get paid a living wage. Just not a wage equal to their efforts, because sometimes your work is worth more than peanuts

spider the ohio went to a hoppa log ahuh... jones? jones?

It was even worse with mask mandates; you're already uncomfortable, now your breathing is restricted and you have elastic bands digging into your ears.

Cause you're flying on Western airlines.

@@Lucky8s hahahah ong tho

That's Emirate airlines, Dubai.

Fly business ....u will see🤪🤪😝😝😝😝😝

Because you're not wealthy.

"I am Indian and want to come to America."

@@anishannayya1 what am I, a visa agent?

After flying with multiple airlines across the world I can safely say flying in India and most of Asia is better than the West. Our pilots and crew are top notch, they are warm and smiling. Free checked in luggage, free cabin bag , sometimes full serviced otherwise very affordable on board food are some of the amazing perks we take for granted. Our prices are still alright, of course I wish it was cheaper but still not too shabby, my employees travel by air now so that says something about affordability. American, Australian and German crews are the worst in my opinion. Oh and also security checks in India are thorough but they don't scare and bully people like TSA in America. That makes a lot of difference too. And if you fly international, immigration has become such a breeze whether departing or arriving.

What a rubbish comment! Maybe you fly for a substandard airline, that imparts substandard training to your cabin crew. Most Indian airline cabin crew go through training for over 60 days and only on 3 aircraft types which is set by the regulator, and which is not the case in the West. Also talking about Indian pilots and their perks, maybe you should refuse staying in 5* luxury hotels on a single room basis during layovers, while the cabin crew are thrown into 2* motels on a sharing basis. That might help your airline cut costs and save more money, and turn a profit someday.

The only time I flew Copa airlines domestically in Columbia, they let me take my coffee thru TSA ☺️

If overbooking should be illegal, then no showing for a flight should incur a penalty. You cheated them out of the money you agreed to pay and left them no time to get a new passenger, you should pay a fine for being a deadbeat.

"they are pouring money into keeping customers safe and comfortable" meanwhile they're shrinking the seats every year, but ok

I hate people who recline a seat in my face.

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This is the real answer

I agree

I’m tryna get insider…… wait wat

Makes me miss great big story

im pretty sure the taxpayer pays for qatars largess as well

Mostly needed by the pilots to pay back the massive training costs they take on pre- and early-career!

Literally. The staff can be as rude as they want and I wouldn't care one bit as long as I have room. I'm a pretty tiny person with short legs, and even I feel incredibly uncomfortable during flights. I can't imagine how much worse it is for average or tall people.

They should get their big boss to sit in a normal economy chair for 10hours.

earthquake

"no leg room" im 6 feet 220 and i have no issues with leg room in economy. maybe you should stop flying spirit or southwest

@@zesolodar You're 6 feet and you have leg room in Economy lol why you lying

People aren’t willing to pay for more space or better experience.

@@johnl.7754 no its about airlines extracting as much profit as possible, welcome to free market capitalism.

@@Totalinternalreflection your answers aren't mutually exclusive. Airlines are able to extract so much profit while giving the average flyer a dogshit experience *because* they know for a fact that most people aren't willing to pay for more space or a better experience. These multi-billion $ corporations have dozens of applied mathematicians writing optimization algorithms with $50,000-per-license engines that utilize millions of variables, that are then passed to their armies of data scientists to crunch. They know they don't have to worry about losing profit by cutting comfort because they have decades of data to draw from with billions of new data points coming in every day that tell them that economy class passengers can be treated like dirt and they'll keep coming back for more.

Lol facts