The Aviation Industry is running in loss. They are now asking the Government to provide them with a Bailout package.
I check my air-ticket. I realise the 80% of the cost is taxes and 20% is what is going to the airline. But then, the airline is charging me less than what a 3AC will take me to my destination. Then how did they come up to that price?? Just to get the volumes ?? But then, if they inccur a loss on every ticket sold, they are increasing the loss by selling tickets !! Is that not simple maths ?? So on what basis did they come up to that price structure??
Now they ask for the bailout package. The package, if given by the government, will be out of my pocket (where do you think the government is getting the money from??) So, somehow, I feel what the airline industry is askingĀ is for me to pay up for their mistakes. Yet, when they strike gold, they want to keep all the profits !!
That bailout package is at the cost of my development. Which have gone into build more roads or dams or power plants (I do, agree most of it goes in the coffers of the Babudom). Hell, I have incurred huge losses in my personal wealth due to the recent slow down in the economy. ( Why else I would think twice or thrice before booking an air ticket !!). Should I also ask the government to provide me with a bailout package ??
Just because the western countries are ‘bailing out’ their financial instituitions we should also do for the aviation industry?? Why not decrease the taxes, so that the airfares reduce and I fly more.
Sorry, I would prefer no Bailout !!
Tags: jlt !!! // 1 Comment »