Submitted by cyberentomology t3_y7efgs in dataisbeautiful
tuctrohs t1_isv0o9s wrote
Reply to comment by cyberentomology in [OC] Where did it come from, where did it go... American Airlines 22Q2 Financials by cyberentomology
It's interesting that they spend more on fuel than any other expense. And much more than on aircraft. That means that companies making more efficient aircraft should be able to sell them easily.
Note that the government's tax revenue isn't profit. They need to run the FAA among other things. Comparing that to profit is like calling the airline's revenue profit, and you illustrate that those numbers are vastly different.
cyberentomology OP t1_isve0fg wrote
Yeah, a 5% efficiency gain from a new aircraft is huge and absolutely worth retiring old (and paid for) hardware.
cyberentomology OP t1_isve44m wrote
No such thing as profit to the government. They don’t produce anything, they only consume. Rent seeking at its finest. At least the airline gets something in return for it.
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