Detailed text transcripts for TV channel - CNN - 20170507:14:29:00
That's meant cheaper airfares in europe, but also less profitability than american carriers. north american carriers book a net profit margin of about $20 per paernlg while european carriers make only a profit of about $5.55 per passenger. yet the europeans like the americans have been making mon 234i for the last seven years and are expected to earn $5.6 billion of profit in 2017. so what lessons can americans learn from europeans? the biggest may be that airline consolidation in the united states isn't working for the customer. in their quest to squeeze ever more profits from every passenger...
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