tag:blogger.com,1999:blog-7169279.post111331949017117032..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Bleeding airlines can’t gain AltitudeDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7169279.post-1114390284927892292005-04-24T18:51:00.000-06:002005-04-24T18:51:00.000-06:00-1 on Keston's post for a spelling error.I think t...-1 on Keston's post for a spelling error.<BR/><BR/>I think the airlines are a good example of an industry that is fighting its own industrial organization. Transportation is a perfectly competitive industry (if you doubt this, try and recall the last time you didn't take the lowest available price). Zero economic profits are the rule, and cost cutting is the main way to gain an edge. A lot of Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com