Summary of How Airlines Spend Their Billions | Big Business | Business Insider

00:00:00 - 00:10:00

This video discusses how airlines spend their billions of dollars, with a focus on the different operational costs involved. Landing fees, fuel, and maintenance are some of the more significant expenses, and airlines make most of their money back from passenger revenue. However, labor costs are a significant expenditure for airlines, especially in light of the COVID-19 pandemic. Airlines have been struggling to make money since the pandemic began, as increased spending on labor and safety has offset any gains from passenger revenue.

• 00:00:00 Airlines spend billions of dollars on various operations, such as food, maintenance, and repainting planes. Although these costs may seem high, passengers are more dissatisfied with air travel than ever.
• 00:05:00 This video discusses the cost of airlines, focusing on the different expenses that go into running an airline. Some of the more significant expenses include landing fees, fuel costs, and maintenance costs. Airlines typically make their money back from passenger revenue, but they also make a significant profit from business class and higher-tier passengers.
• 00:10:00 Airlines spend billions of dollars on labor costs, including salaries for pilots, flight attendants, baggage handlers, and other support staff. Airlines encouraged employees to take buyouts or retire early in the pandemic, but as demand for flights increased, Airlines were forced to re-hire and train staff. Airlines have been struggling to make money since the pandemic, in part due to increased spending on labor and safety.