Originally Posted by
AsiaTravel2019
I agree with the pilots' union. This is all at the feet of the airlines. They did too many buyouts and cut too far back during the pandemic (and took the welfare payments from the US government) and now the chickens have come home to roost.
Like others posting here, I believe demand will continue to cool down and the airlines will have to re-evaluate their ridiculous prices.
A good bit of it is at the foot of governments who printed too much money, even AFTER the economy was improving. If you're an airline (or anyone else), you can't have predicted either the rampant inflation we're now experiencing or the war in
Afghanistan Ukraine. Without governments lighting money on fire, the recovery would have been a lot slower, and inflation would be a lot lower. Without the war in Afghanistan, gas prices would be lower.
Airlines were trying not to go bankrupt, once the Federal aid ran out and in the face of a difficult-to-predict pandemic. So it's perhaps a bit understandable that they didn't get it 100% right.