When you can sell [empty seats] at the gate for an upgrade for 500 bucks or 600 bucks... it makes all the sense in the world.
I think that as the market moves and costs get higher and fares get higher, it always creates opportunity. That's been the cycle over the years.
Those wedgie seats, whatever they call them, those recliners, they're just not competitive anymore. The difference between those and a coach seat isn't that great to be able to warrant charging the amount. You need a little more space for a lie-flat, but not that much more.
One of the constraints on the U.S. business is the pilot shortage. There's not an abundance of pilots. There may be an abundance of cheap fuel and airplanes. There probably isn't an abundance of gates at popular airports, either.
If it's torture flying one airline and [yours] is a pleasant experience, it certainly helps your revenue.
People don't really look forward to flying that much. It's like they want to get to the place, but they don't look forward to the experience.
The Lisbon hub is important to Portugal, the country. That's not going to go away. It needs to be there. The country depends on tourism.
I think there's a big market in North America [with travelers] going to Lisbon and connecting over Lisbon.
When you do consolidation, you get rid of flying and you get rid of routes.
If you want to go to Spain or you want to go to France or you want go to [any] southern European countries, [Lisbon] is a great place to [connect].
I think because of all of the difficulties in Europe with terrorism and stuff, a lot of people ended up going to Portugal. They felt, I think, safer in Portugal.
Even though Brazil has been up and down and had some difficulties, it's still a very big country, and a very important country. It's got the fourth largest domestic market in the world.
Fares are higher [and] people don't travel as much. If they don't do that, it doesn't have the trickle down effect into the economy and the other sectors.
I just don't think it's good public policy to tax fuel. It's kind of silly. It stops people from traveling and actually costs the economy more money than what you gain in the taxes.
There's just things that are against the law.
You can't charge for anything in Brazil.
I think there's new optimism in Brazil. The Olympics went well. Our demand is good. Costs are down. We're back in the black. We're feeling really good about what's going on in Brazil.
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