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minus-squareLowtierComputer@lemmy.worldlinkfedilinkarrow-up2·edit-22 months agoCommercial airlines make a fuckton of money, but not in economy passenger travel. Cargo and elite passengers make the money. E: Delta made over 50 billion last year.
minus-squareLordWarfire@feddit.uklinkfedilinkEnglisharrow-up5·2 months agoThat’s revenue, their profit was closer to $4.6bn which, whilst a big number, is a margin of under 8%.
minus-squareLowtierComputer@lemmy.worldlinkfedilinkarrow-up1·2 months agoJust like so many other businesses the money never makes it to the rich CEO, board members, affiliate’s pockets, and is definitely being paid to the pilots, flight attendants, and ground crew. That’s why they have so little profit and tax payments!
Commercial airlines make a fuckton of money, but not in economy passenger travel. Cargo and elite passengers make the money.
E: Delta made over 50 billion last year.
That’s revenue, their profit was closer to $4.6bn which, whilst a big number, is a margin of under 8%.
Just like so many other businesses the money never makes it to the rich CEO, board members, affiliate’s pockets, and is definitely being paid to the pilots, flight attendants, and ground crew.
That’s why they have so little profit and tax payments!