There are probably 4-5 times as many pilot’s jobs now as there was in 1977.
Yep and probably 4 or 5 times more passengers today than in 1977, yet the airlines continues to be in a financially precarious situation. Which leads us to the next question, do you honestly believe, that if every ticket, on every airline cost $30 more tomorrow, that you would see a drastic drop off in passengers?
I for one am not buying it, airfares, even if $30 higher would still be historically cheap, particularily if adjusted for inflation. Sure, some people would contemplate taking the car, but the time loss, the cost of gas and sometime hotel cost wouldn't be worth it, NY-LA in a car, 3 days of great fun. How about the wife and kids NY to Mouse world, oh yeah!
4 People can fly from NY to LAX and return for $1120, or they can drive 3 days each way for a cost of, back of the envelope math, $1024. Yep, airline travel certainly is overpriced! Never mind the fact, that with all that driving, a weeks vacation would turn into 24 hrs in LA before said people turns around and go back.
Better yet, let's take Amtrak, a goverment subsidized bussiness that you and I are paying for. It's going to be coach seats, not very pleasant for 3 days each way but cheaper and after all, it is all about cheap, well that little jaunt is a meager $1800.
I know, I know, that airline ticket is looking better and better, but there has got to be a even cheaper way, oh yeah, I got it, Greyhound. Sure it isn't great sitting on a bus for 2.5 days each way with the wife and two bored kids, but think of all the money we'll save, enough for a hotel night or two, hmmm, now let's see, 4 people NYC to LAX....WTH, it's $1464.
"Hey honey, I found a really great airfare for the four of us!"
There is a price to be paid for convenience and time savings, one that doesn't involve the new hire F/O being able to collect food stamps! Of course, you being management, you probably diasgree with that!