McKinsey observes that "newer technology, larger aircraft, and increasingly efficient operations continually drive down the cost of running an airline", from nearly 40 US cents per ASK at the beginning of the jet age, to just above 10 cents since 2000. Those improvements were passed onto the customer due to high competition: fares have been falling throughout the history of airlines.
McKinsey observes that "newer technology larger aircraft and increasingly efficient operations continually drive down the cost of running an airline" from nearly 40 US cents per ASK at the beginning of the jet age to just above 10 cents since 2000 Those improvements were passed onto the customer due to high competition fares have been falling throughout the history of airlines