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A comment on Europe is investing heavily in trains. Parent comment

Re:Europe is investing heavily in trains by nextos on Tuesday April 12, 2022 @12:13AM (#30998541)
Airlines seem to be a bad business in the long run.

I recall a figure from MIT's microeconomics textbook (Pindyck et al.) where they showed the aggregate profits of all industry since its inception were negative.

In EU, subsidies to airlines are an indirect subsidy to the tourism industry.

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Re:Europe is investing heavily in trains by criddell on Tuesday April 12, 2022 @07:35AM (#31001201)
In the US I think airlines are really in the business of selling air miles and credit cards.
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