Quote:
Originally Posted by Sightwindow
It's my understanding that airlines operate on very thin margins. They have no-shows factored in. Sometimes they figure wrong and it's feasible - if a little uncomfortable - to eat some vouchers when things go wrong.
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Very thin margins, you are right. All of the major airlines other than southwest have been in bankruptcy at some point. Times have been good with low fuel prices for them the last three years.