Comment by arein3
20 hours ago
There are exceptional cases, detrimental to both you and the company. Company already swallowed a pretty serious loss, in that case arguably common sense is to let it go, sometimes sh*t happens.
20 hours ago
There are exceptional cases, detrimental to both you and the company. Company already swallowed a pretty serious loss, in that case arguably common sense is to let it go, sometimes sh*t happens.
I think that's exactly the case you would insure yourself against as an airline, so when shit hits the fan, you will not collapse.
Its kinda strange to have to insure yourself against an airline, when generally we insure ourselves against acts of nature and accidents and thieves.
> generally we insure ourselves against acts of nature and accidents and thieves.
No. We insure ourselves against unforeseen events whose effects are financially unbearable to us otherwise. You've conveniently carved out certain unforeseen events in order to serve your point rather than being intellectually honest.
Businesses insure themselves against the death of an important employee, for example. If that employee is murdered, that is neither an act of nature, an accident, nor thievery.
You might argue "you were robbed of an employee" and stretch the meaning of the word "thief" but then I'd say a similar stretching of "act of nature [or] accident" includes "aircraft malfunction"
Businesses also insure against a great many other things.
How do you get an insurance for lost profits due to not making a meeting as an individual?
If they truly were exceptional that would be fine. But long delays happen a lot, and I am sure there are things airlines could do to improve that like maintain the planes better so they aren't grounded as often and having backup planes so that if one has problems they can put customers on a different one.
I'm with you on the delays, especially since it's one sided, company doesn't loose anything, main inconvenicence is to the user so the company has to be incentivised to be on time (it may be even beneficial for the airport, since passengers would buy more overpriced stuff from waiting area).
I was referring to the case when an engine went bad and company had to use intermediate airport and accomodate all users for the night. Also you wouldn't want to punish company hard for admiting technical issues, since that might cause them to underreport and create dangerous situations.
Like back-up planes at every airport?
It probably doesn't make sense for every airline to have a backup at every airport. But maybe the airport itself keeps a couple of backup planes that it rents out to airlines when they need it.
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