Originally Posted by
iexaltu
So how are the foreign airlines holding onto their first class? It feels like there is a fundamental flaw in the business model
Possibly by increasing quality of service so that you *do* get something resembling what you pay for? (Have you flown Cathay Pacific international First?)
Also, some cultures (business and social) are more willing to pay higher fares.
Finally, some airlines are subsidized by their nation for prestige purposes.