Thanks, David, for the information about the law. Yes, the low cost carriers are are doing ok now, but once the legacy carriers are gone they will face the same problems.
The basic flaw is that the cost of flying one more passenger is minimal. According to basic economic theory, competition drives prices down to that level, which cannot support the fixed costs. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
