Tracking 30 years of falling airline ticket prices
"Ultimately the flying consumer sets the value for this whole chain."
“It’s your fault. If you would just pay more for your airline ticket, it would relieve this situation.”
The tongue-in-cheek reply was to question posed to then-Chief Executive of Spirit AeroSystems, Jeff Turner about the underlying dynamics were behind the squeeze on the aerospace manufacturing supply chain. Spirit in 2012 was feeling it acutely having survived – along with dozens of others – through the most costly (subsonic) commercial aircraft development program in history.
“The real issue is the fundamental economics of the flying public,” said Turner. “The flying public is very specific about what they’re willing to pay, in general, to get from Point A to Point B. It’s very trackable. It starts the process.”Continue Reading...
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“It’s your fault. If you would just pay more for your airline ticket, it...