Latest / The Bill Handel Show / Price of LAUSD Union Peace | Airlines: Is United Buying American?
Transcript
- 0:00Speaker 1: Your list Saints kf I AM six forty the bill
- 0:03Speaker 1: Handle show on demand on the iHeartRadio ff.
- 0:10Speaker 2: I AM six forty bill Handle.
- 0:12Speaker 3: Here it is a Wednesday morning, April fifteenth, Big Day,
- 0:16Speaker 3: Big Day, Jackie Robinson Day, Tax Day, assassination of Abraham Lincoln.
- 0:23Speaker 3: He was shot on the fourteenth, but died on the fifteenth.
- 0:26Speaker 3: You had yesterday. I believe it was a Titanic going down.
- 0:30Speaker 3: I mean, just a lot of stuff going on in
- 0:33Speaker 3: April fifteenth. Here's another story I want to share with you,
- 0:38Speaker 3: and this is something that I particularly am moved by
- 0:42Speaker 3: an upset about, and that has to do with defending
- 0:46Speaker 3: the January sixth rioters and not crazy people are defending them.
- 0:51Speaker 3: It's the president and the Trump administration. The President has
- 0:55Speaker 3: said outright, these were not rioters. Was not over running
- 1:00Speaker 3: the capital. This was a peaceful demonstration, and these rioters
- 1:07Speaker 3: were not They were patriots. They are patriots and should
- 1:11Speaker 3: be regarded as such. Now, keep in mind that the
- 1:15Speaker 3: overrunning of the Capitol happened only twice in the history
- 1:19Speaker 3: of the United States, once when the British attacked Washington,
- 1:24Speaker 3: DC and burnt down the capitol in eighteen twelve. The
- 1:27Speaker 3: War of eighteen twelve and then the January sixth rioters.
- 1:32Speaker 3: So the Americans overriding or overrunning their own capital has
- 1:38Speaker 3: happened once in the history of the United States.
- 1:41Speaker 2: So this is rewriting history.
- 1:43Speaker 3: This is revisionist history, which I mean, how many people
- 1:48Speaker 3: think that those were peaceful demonstration. I guess there were people,
- 1:52Speaker 3: and then ignoring what happened with the attacks on the
- 1:56Speaker 3: Capitol police and a threat to kill the the various legislators.
- 2:03Speaker 3: Either that didn't happen at all, or it was an
- 2:07Speaker 3: act of patriotism, comparing the Founding Fathers and the Revolutionary
- 2:13Speaker 3: War and the attack on the British under the same.
- 2:17Speaker 2: The same philosophy.
- 2:18Speaker 3: Okay, so this is the latest federal and it doesn't
- 2:21Speaker 3: make any sense at first glance, but I'm going to
- 2:23Speaker 3: share this with you because a little bit wonky federal
- 2:26Speaker 3: prosecutors are going to court to wipe out the seditious
- 2:31Speaker 3: conspiracy conviction of twelve members of the Proud Boys and Oathkeepers.
- 2:36Speaker 3: That was the most serious charge, seditious conspiracy, and that's
- 2:40Speaker 3: the conspiracy to overturn the government of the United States.
- 2:45Speaker 2: I mean, that's tough stuff.
- 2:47Speaker 3: And these are these twelve members who helped plan the
- 2:51Speaker 3: January sixth riots and led the charge into the Capitol.
- 2:56Speaker 2: So this request to.
- 2:59Speaker 3: Wipe out these convictions came from US Attorney Janine Piro, DC,
- 3:05Speaker 3: big big Trump supporter.
- 3:06Speaker 2: It's probably going to be granted.
- 3:09Speaker 3: Why because prosecutors have broad discretion to pursue or even
- 3:13Speaker 3: drop criminal charges even after defendants have been convicted. And
- 3:19Speaker 3: Stuart Rhoades, a leader of the Oathkeepers and a lead
- 3:21Speaker 3: organizer behind the riots, is among those that Piro is
- 3:25Speaker 3: seeking to erase the conviction. And this is the latest
- 3:29Speaker 3: step in President Trump's quest to rewrite history. It's that simple,
- 3:35Speaker 3: and it all had to do with the claims that
- 3:36Speaker 3: the twenty twenty election had been stolen. And so if
- 3:41Speaker 3: the request is approved by the courts, well it will
- 3:44Speaker 3: be it wipes out the last remaining convictions. Now, on
- 3:47Speaker 3: the first day of Donald Trump's second term, remember that pardon.
- 3:52Speaker 3: More than fifteen hundred rioters were pardoned or.
- 3:57Speaker 2: Yeah, it was straight out pardon.
- 3:59Speaker 3: And again, any criminal records that did not extend to
- 4:02Speaker 3: the Proud Boys and Oathkeepers who had been convicted of
- 4:06Speaker 3: seditious conspiracy, that was a bridge too far because the
- 4:11Speaker 3: conviction was for overturning and trying to eliminate the government
- 4:19Speaker 3: of the United States. Now, instead, the President commuted the
- 4:24Speaker 3: prison sentences, which means out of jail that day, get
- 4:26Speaker 3: out of jail free card. But that clemency grant did
- 4:31Speaker 3: not delete the convictions. So what the court filings asked
- 4:36Speaker 3: for yesterday was for the US Court of Appeals to
- 4:42Speaker 3: vacate the convictions. Now Pierrot, who is this adamant Trump supporter,
- 4:49Speaker 3: has been named US attorney and obviously an ally, has
- 4:54Speaker 3: tried to dismiss these charges against one of the advisors
- 4:58Speaker 3: of President's former deviser, also Stephen Bannon, who was convicted
- 5:03Speaker 3: but also got a well, I think he did four
- 5:05Speaker 3: months in prison before being pardoned, and.
- 5:11Speaker 2: It's it's tough. I mean, you know, what do you do?
- 5:14Speaker 3: In the court filings that happened yesterday, Pierrot gave no
- 5:18Speaker 3: details explaining why usually that is in court filings, why
- 5:23Speaker 3: it's happened. The only thing that she said in the
- 5:26Speaker 3: documents that the United States has determined in its prosecutorial
- 5:31Speaker 3: discretion that this dismissal or the dismissal of this criminal
- 5:36Speaker 3: case is in the interests of justice. So let me
- 5:41Speaker 3: repeat that overturning the convictions of those members of the
- 5:46Speaker 3: Proud Boys who were convicted of seditious conspiracy, conspiracy to
- 5:51Speaker 3: overturn the government getting rid of those is in the
- 5:55Speaker 3: interests of justice. One of the attorneys for the one
- 6:00Speaker 3: of the Proud Boys says, this decision is long overdue.
- 6:04Speaker 3: The prosecution should never have happened. One of the Proud Boys,
- 6:09Speaker 3: fighting for well, representing himself in court said, persistently fighting
- 6:14Speaker 3: for truth and justice pays off.
- 6:17Speaker 2: And that's what the Trunth administration has said.
- 6:20Speaker 3: Any conviction is against truth and justice, and it is
- 6:26Speaker 3: against the interests of the United States. It's tell me
- 6:33Speaker 3: how crazy this is. And the president has the backing
- 6:36Speaker 3: of the Republican Party. That's the part I don't understand.
- 6:40Speaker 3: And I said that before over and over again. I mean, please, guys,
- 6:44Speaker 3: is there ever a time, ever a time where you
- 6:47Speaker 3: say this is too far? No, No, to a lot
- 6:53Speaker 3: of these legislators, I mean privately, they privately, and most
- 6:57Speaker 3: are lawyers. Privately, they can not say that a conspiracy
- 7:02Speaker 3: charge should be overturned in the interests of justice, of
- 7:08Speaker 3: American justice, unless they believe, as the President believes, that
- 7:15Speaker 3: these proud boys, the oathkeepers, were patriots. And the decision
- 7:21Speaker 3: or the screaming of hang Mike Pence, hang that, Nancy Pelosi,
- 7:27Speaker 3: that is a statement akin to the Revolutionary War, in
- 7:32Speaker 3: which the fight against the King of England, of King George,
- 7:36Speaker 3: I think King George of fifth. It's tough. It's tough
- 7:41Speaker 3: where we're going and where we've been. I don't know
- 7:44Speaker 3: if there's ever going to be a line ever that
- 7:48Speaker 3: the president can cross that he will not get the
- 7:51Speaker 3: benefit of the Republican Party.
- 7:53Speaker 2: Don't get it.
- 7:54Speaker 3: Okay, let's get local here, and before we get to
- 7:57Speaker 3: good news on the la US strike, Neil, you have
- 8:02Speaker 3: an announcement.
- 8:04Speaker 2: Yes, as we spoke about earlier.
- 8:05Speaker 4: Wednesday, April fifteenth is Jackie Robinson's Day, and tonight you're
- 8:09Speaker 4: back to back World champion Dodgers take on the Mets
- 8:13Speaker 4: at Dodger Stadium with first pitch at seven. Listen to
- 8:16Speaker 4: the game in HD on the free iHeartRadio app live
- 8:20Speaker 4: from the gallup in Ford Broadcast booth, and stream all
- 8:23Speaker 4: games at HD on the iHeartRadio app Keyword AM five
- 8:26Speaker 4: seventy LA Sports.
- 8:29Speaker 3: Yeah, and you can sit either in the block section
- 8:32Speaker 3: of Dodger Stadium or the white section.
- 8:36Speaker 4: No, nope, we do I have that change, change, buddy,
- 8:42Speaker 4: do I have the dates?
- 8:42Speaker 2: Long here?
- 8:43Speaker 4: It's a lot different since you were a kid.
- 8:46Speaker 3: Oh okay, got it all right. LA Unified school district
- 8:51Speaker 3: was going to go on strike yesterday. I mean, well,
- 8:54Speaker 3: the union was going to go on strike. The three
- 8:56Speaker 3: unions were going to go on strike, and they represent
- 8:59Speaker 3: about eighty percent of the employee. So that was going
- 9:02Speaker 3: to shut down, shut down the schools. So it turned
- 9:07Speaker 3: out that they were in huge negotiations and the union's
- 9:10Speaker 3: got pretty much what they wanted. It's it ain't bad,
- 9:14Speaker 3: It really isn't. And I'll tell you a little bit
- 9:16Speaker 3: about the numbers in a moment. But one of the
- 9:19Speaker 3: big numbers is these deals are estimated to cost more
- 9:22Speaker 3: than one point one seven billion dollars a year, and
- 9:28Speaker 3: according to the school districts, they don't have the money.
- 9:31Speaker 3: Now here's the point the unions make you do have
- 9:34Speaker 3: the money. You're sitting on billions of dollars of reserves,
- 9:38Speaker 3: five billion, and the school district said, no, we're not.
- 9:42Speaker 3: We're sitting on three billion, of which most of it
- 9:45Speaker 3: is already called for and can only be used for
- 9:49Speaker 3: certain projects, and that does not include money for the schools.
- 9:55Speaker 3: And there's going to be a shortfall, a big shortfall
- 9:57Speaker 3: in four or five years, the point of insolvency. And
- 10:01Speaker 3: they hope, the school district hopes that the state is
- 10:04Speaker 3: going to pick up the slack, and the governor said,
- 10:09Speaker 3: not a chance. And the problem is that the state
- 10:13Speaker 3: is in deficit. And that's kind of weird because the
- 10:17Speaker 3: California gets this money from income tax. That's it, income
- 10:20Speaker 3: tax for the most part. Well, income tax is based
- 10:23Speaker 3: on income and the wealthy people end up paying the majority.
- 10:29Speaker 2: Of the taxes.
- 10:29Speaker 3: And the wealthy people, well, they own stocks and real
- 10:33Speaker 3: estate and the money comes in from investments. Those go
- 10:37Speaker 3: up and down, and then when they go down, the
- 10:40Speaker 3: state's coffers go down.
- 10:42Speaker 2: And so that's pretty volatile.
- 10:44Speaker 3: There's nothing really solid about California taxes. So for months,
- 10:50Speaker 3: these double digit races, which the unions have called for,
- 10:56Speaker 3: the school district said, we don't have the money. Well
- 11:00Speaker 3: it turns out maybe they do, because they caved, that's
- 11:04Speaker 3: for sure. The unions, well do you believe the unions?
- 11:09Speaker 3: In terms of numbers, It doesn't even matter because the
- 11:12Speaker 3: unions were able to get what they wanted. So now,
- 11:16Speaker 3: and these are big numbers too. When you're talking about
- 11:20Speaker 3: increase in pay twenty four percent, an average increase over
- 11:27Speaker 3: the three year term of the contract. The unions wanted
- 11:30Speaker 3: two years, but they went for three years. By the way,
- 11:33Speaker 3: two years of those three years include two.
- 11:37Speaker 2: Years in the past.
- 11:39Speaker 3: So the average increase of twenty four percent over this contract,
- 11:42Speaker 3: two thirds of those just already passed, So the increase
- 11:47Speaker 3: will be retroactive.
- 11:49Speaker 2: I mean that's huge dollars. Now do they deserve it?
- 11:53Speaker 4: Well?
- 11:53Speaker 2: Yeah, think about this.
- 11:55Speaker 3: One of the union's Local ninety nine, and this is
- 11:59Speaker 3: the people who are at the bottom of the income custodians,
- 12:04Speaker 3: daycare workers, or assistants.
- 12:06Speaker 2: They don't make a lot of money.
- 12:07Speaker 3: Matter of fact, the average is thirty five thousand dollars
- 12:11Speaker 3: a year. How do you even begin to live on
- 12:13Speaker 3: thirty five thousand dollars a year? And now the range
- 12:17Speaker 3: will be forty two to forty five thousand dollars a year.
- 12:20Speaker 3: How do you begin to live on forty five thousand
- 12:22Speaker 3: dollars a year? That is a huge problem. And well,
- 12:28Speaker 3: here's something that is getting a lot of attention, and
- 12:32Speaker 3: that is teacher's salary at LA unified teacher salary at
- 12:37Speaker 3: this point starting salary I think is seventy thousand dollars
- 12:41Speaker 3: a year. Most of the teachers, the average is over
- 12:46Speaker 3: one hundred thousand dollars a year, and some teachers make
- 12:49Speaker 3: one hundred and thirty thousand dollars a year.
- 12:51Speaker 2: How is that possible.
- 12:52Speaker 3: Well, they've been in it for a lot of years
- 12:54Speaker 3: and have tremendous education. That's how you make that kind
- 12:59Speaker 3: of But teachers, and I don't believe teachers are overpaid.
- 13:05Speaker 3: I don't think they pay teachers enough. It's like divorce
- 13:10Speaker 3: attorneys and the legal profession. I don't think they get
- 13:12Speaker 3: overpaid under any circumstances because they're dealing with people at.
- 13:15Speaker 2: The very very worst.
- 13:17Speaker 3: They are nice people who are screaming each other, want
- 13:20Speaker 3: to kill each other, and the divorce attorneys in the
- 13:22Speaker 3: middle of it. That's just an analogy with teachers. They
- 13:26Speaker 3: have a job that used to be not easy but doable,
- 13:32Speaker 3: where if you enjoyed teaching, you had motivated students you
- 13:36Speaker 3: could teach. When we went to school, we did not
- 13:40Speaker 3: have vast numbers in our case in la USC of
- 13:45Speaker 3: latinos who and they can't ask if someone's illegal or not,
- 13:50Speaker 3: and the school district has to teach, they have to
- 13:54Speaker 3: teach them, which is legitimate. That was a Texas Supreme
- 13:58Speaker 3: Court case that said public schools have to teach kids
- 14:02Speaker 3: no matter what their legal status is, until the end
- 14:06Speaker 3: of high school, until the high school graduation. And the
- 14:08Speaker 3: problem at LA Unified is I think over sixty percent
- 14:13Speaker 3: or Hispanic and a huge number are children of illegal
- 14:18Speaker 3: migrants and they have to go to school. And this
- 14:22Speaker 3: is what LAUSD has to deal with. And it's almost impossible.
- 14:26Speaker 3: English is the second language and so these students take
- 14:29Speaker 3: a much longer time to bring them up to speed,
- 14:33Speaker 3: and so they have to be taught at a well
- 14:37Speaker 3: at a lower common denominator, and teachers have a very
- 14:41Speaker 3: rough time. So they got their raise, and I mean
- 14:45Speaker 3: they got serious raises over the next three years, and
- 14:50Speaker 3: so the school district has to deal with this. By
- 14:52Speaker 3: the way, the rays of one point seven billion dollars
- 14:57Speaker 3: right that they don't know where that money is coming from.
- 15:03Speaker 3: And that's no small amount of money. And as I said,
- 15:07Speaker 3: they think the school district saints the state is going
- 15:11Speaker 3: to do to make up the budget. Eh, well, another issue,
- 15:16Speaker 3: it's tough living in souther California it is, or in
- 15:19Speaker 3: California in general, it's a tough place to live.
- 15:23Speaker 2: It's a tough place to be poor.
- 15:24Speaker 3: As often as I've said the United States, living in
- 15:28Speaker 3: this country is not easy if you're poor. There are
- 15:30Speaker 3: lots of countries where it is much easier if you're poor.
- 15:33Speaker 3: Look at the Scandinavian countries, Look at Europe. Here opportunities
- 15:37Speaker 3: exist don't exist anyplace else. But you know, being poor
- 15:42Speaker 3: ain't ain't easy.
- 15:44Speaker 2: Okay. I want to tell you a story.
- 15:47Speaker 3: A bunch of years ago, I wanted to fly to Mammoth, California,
- 15:54Speaker 3: And the drive is pretty long. It's about five hours
- 15:58Speaker 3: from Lax. If you go from there, you can fly
- 16:02Speaker 3: and I remember Horizon Airline Lax to Mammoth. You'd get
- 16:06Speaker 3: on and it was a little puddle jumper, a propeller
- 16:09Speaker 3: airplane that maybe sat thirty people. And the flight is
- 16:14Speaker 3: maybe half an hour. Three hundred and ten miles actually
- 16:16Speaker 3: two hundred and fifty miles is the crow flies or
- 16:20Speaker 3: airplanes fly, and about three point fifty if you're driving,
- 16:24Speaker 3: it's about a five hour drive because you can't go
- 16:25Speaker 3: over the Sierras. So yeah, figure a half hour flight.
- 16:30Speaker 3: It costs me more money to make that flight than
- 16:35Speaker 3: it was to fly to Europe. Now why is that?
- 16:40Speaker 3: I mean, isn't that completely insane? Because one airline, I
- 16:44Speaker 3: think it was Horizon, one airline made that flight. And
- 16:48Speaker 3: you know what happens when one airline business person is
- 16:54Speaker 3: able to do what you want, just one They can
- 16:57Speaker 3: charge whatever the hell they want and it's take it
- 17:01Speaker 3: or leave it. And if if you have to or
- 17:03Speaker 3: want to do it, you take it and you pay
- 17:05Speaker 3: astronomical money. So with that, it leads right into the
- 17:10Speaker 3: story that I want to share you because there are
- 17:12Speaker 3: rumored merger talks between United and American airlines. Now that's
- 17:19Speaker 3: a big one because you have the number one and
- 17:22Speaker 3: the number two airline carriers that would control little about
- 17:27Speaker 3: forty percent of US capacity when you talk about available
- 17:31Speaker 3: seats adjusted for miles flown, and that degree of consolidation.
- 17:37Speaker 3: Now that would probably force the rivals to merge themselves
- 17:43Speaker 3: and cut deals of their own, which means you would
- 17:47Speaker 3: have airlines that would go to a one market, one
- 17:51Speaker 3: airline and can you imagine what the costs would be.
- 17:54Speaker 3: It would raise costs for millions of passengers. And that's
- 17:57Speaker 3: booking flights on virtually any airline. The idea that one
- 18:02Speaker 3: airline responsible for four out of ten flights every day
- 18:07Speaker 3: is beyond horrific. According to William McGee, who is a
- 18:11Speaker 3: Senior Fellow for Aviation in American Economic Liberties Project, a nonprofit,
- 18:16Speaker 3: it would be harmful to consumers, harmful to labor, harmful
- 18:20Speaker 3: to entire cities and regions. And there are two reasons
- 18:24Speaker 3: why you would pay so much money. Well, actually there's
- 18:27Speaker 3: one reason why you shouldn't pay so much money, and
- 18:30Speaker 3: that is consolidation makes it more efficient to run a company.
- 18:34Speaker 3: You only need one bureaucracy. If companies merge, okay, you
- 18:39Speaker 3: save the money. On the other hand, again you have
- 18:43Speaker 3: a monopoly, and well, you get paid whatever the hell
- 18:49Speaker 3: you want to get paid. For example, you go to London.
- 18:52Speaker 3: I mean there are half a dozen airlines to take
- 18:53Speaker 3: you to London. You can go to London. Every hour
- 18:56Speaker 3: there's a plane going to London. Now go someplace else.
- 19:00Speaker 3: I remember trying to get to Italy once and there
- 19:03Speaker 3: was one airline. I don't think it flies anymore direct
- 19:06Speaker 3: one airline. I'll it tell you that flew from la
- 19:11Speaker 3: to Rome, just one The cost of that airline, that
- 19:16Speaker 3: airplane ride to well to London, Italy is probably twice
- 19:23Speaker 3: as much. It's pretty scary stuff. Big doings locally, well
- 19:31Speaker 3: locally if you consider the United States local and that
- 19:34Speaker 3: is the rumored merger talk between United and American airlines.
- 19:39Speaker 3: Let me tell you how big a deal is. This
- 19:40Speaker 3: is the merging, the number merging, the number one and
- 19:42Speaker 3: the number two carriers in the country, controlling forty of
- 19:47Speaker 3: US capacity. And that a couple of things happened. Number one,
- 19:53Speaker 3: prices go up because you're talking about now a new
- 19:56Speaker 3: airline in which it's going to fly solely between point
- 20:02Speaker 3: eight and point B. There won't be competition anymore. And
- 20:07Speaker 3: the other thing is, well, there's a legal issue going
- 20:10Speaker 3: on too. So, according to William McGee, a senior fellow
- 20:15Speaker 3: for Aviation and Travel in American Economic Liberties Project I
- 20:19Speaker 3: think tank, said, the idea that we would have one
- 20:21Speaker 3: airline responsible for four out of ten flights every day
- 20:25Speaker 3: is beyond horrific. It would be harmful to consumers, harmful
- 20:30Speaker 3: to labor, harmful to entire cities and regions. United Airlines
- 20:38Speaker 3: CEO Scott Kirby has approached the Trump administration about seeking
- 20:42Speaker 3: preliminary approval between his airline and American And why is
- 20:49Speaker 3: where's the difference here?
- 20:50Speaker 2: Well, let me tell you what happened during the Biden administration.
- 20:54Speaker 3: Spir JetBlue tried to buy Spirit Airlines and there was
- 20:58Speaker 3: talk of violation of Manda TI trust. The Biden administration
- 21:02Speaker 3: went in and opposed it. The feeling here is that
- 21:07Speaker 3: the Trump administration is not going to oppose it because
- 21:10Speaker 3: the Trump administration is more pro business than it is
- 21:14Speaker 3: consumer oriented, where the bers the Biden administration was much
- 21:18Speaker 3: more consumer, consumer driven and than business. I mean, it's
- 21:24Speaker 3: a question of just philosophy. And so boy, there's been
- 21:29Speaker 3: a bunch of mergers history. I mean, the airline industry
- 21:32Speaker 3: has been around for about one hundred years, and mergers
- 21:36Speaker 3: happened over the course of one hundred years. On the
- 21:39Speaker 3: last twenty five years, more than a dozen airlines were
- 21:43Speaker 3: bought by four major carriers, United American, Delta, Southwest, and
- 21:48Speaker 3: all of them those four controlled eighty percent of the
- 21:51Speaker 3: nation's airline capacity. But they do compete with one another,
- 21:55Speaker 3: and you're going to have one not competing. Do you
- 21:58Speaker 3: remember PSA and I think it was bought by Southwest
- 22:01Speaker 3: PSA Airlines. I love PSA. They didn't take themselves very seriously.
- 22:06Speaker 3: I remember the safety lecture at the beinning at the
- 22:11Speaker 3: beginning of the flight.
- 22:11Speaker 2: You know, buck of your seatbelt.
- 22:13Speaker 3: I heard a couple of guys do it and rap
- 22:16Speaker 3: I once was on the airplane when it came down
- 22:20Speaker 3: with a hard landing, you know when you go really
- 22:23Speaker 3: hard and bump bump, bump bump, and the flight attendant
- 22:29Speaker 3: as we were leaving said, welcome to Los Angeles and
- 22:32Speaker 3: on behalf of Captain Crunch and the crew. Let me
- 22:36Speaker 3: tell you, the captain was not happy with that one
- 22:39Speaker 3: at all, but that that was the kind of fun
- 22:42Speaker 3: that we used to have. And then that's done, and
- 22:46Speaker 3: so I it's is it going to hurt you bet?
- 22:49Speaker 3: The problem is, and this is according to William Kovak,
- 22:56Speaker 3: law professor at George Washington University, you know, it's hard
- 23:00Speaker 3: to figure out the prices because they jump all over
- 23:04Speaker 3: the place. I mean, today, there'll be one price, fifteen
- 23:07Speaker 3: minutes from now, there'll be another price, Tomorrow there'll be
- 23:10Speaker 3: another price. But the general consensus, if you just look
- 23:12Speaker 3: at the way business works, you have a monopoly, and
- 23:15Speaker 3: guess what you have. You have higher prices. That is
- 23:20Speaker 3: given now we're in the middle of higher prices anyway
- 23:23Speaker 3: because of the cost of jet fuel, particularly smaller airlines
- 23:28Speaker 3: are looking at very deep losses in the months ahead
- 23:31Speaker 3: because jet fuel prices have roughly doubled what they were
- 23:35Speaker 3: before the war.
- 23:36Speaker 2: War.
- 23:37Speaker 3: Number one cost to an airline is personnel. Number two
- 23:43Speaker 3: cost to an airline is jet fuel. The cost of
- 23:48Speaker 3: the airplane is below that because you know there's one
- 23:52Speaker 3: hundred These are hundreds of millions of dollars these airplanes cost.
- 23:56Speaker 3: Yet labor costs are higher, which is why you only
- 24:00Speaker 3: have two pilots on an airplane, where you used to
- 24:03Speaker 3: have four if you were going overseas and it was
- 24:06Speaker 3: three a navigator and the pilot and the co pilot,
- 24:09Speaker 3: and then it's two, and then soon it's going to
- 24:13Speaker 3: be number one. And then we're going to board an
- 24:17Speaker 3: airplane and the flight attendant will say, welcome to the airline.
- 24:22Speaker 2: Is anybody here a pilot?
- 24:25Speaker 3: It's going to get worse and worse and be prepared
- 24:29Speaker 3: for prices going up.
- 24:32Speaker 4: It's welcome, Welcome to waymu air Yeah, that's true, that's.
- 24:39Speaker 2: What's going to happen.
- 24:41Speaker 3: But on the other hand, yet, you know there's something
- 24:43Speaker 3: about following the instruments. Every pilot will tell you that,
- 24:48Speaker 3: don't rely on the pilot, rely on the instruments. Always
- 24:52Speaker 3: rely on the instruments because they are much much better
- 24:57Speaker 3: at reading what the weather is, reading what the the
- 25:00Speaker 3: horizon is.
- 25:01Speaker 2: John F.
- 25:02Speaker 3: Kennedy Junior went into the ocean because he lost the
- 25:06Speaker 3: horizon and he went upside down, augured right in thinking
- 25:10Speaker 3: that that was the horizon, and the instrument said it wasn't.
- 25:14Speaker 2: Okay coming up.
- 25:17Speaker 3: There is a war going on, as you know, between
- 25:20Speaker 3: the US and Iran. There's another war going on between
- 25:25Speaker 3: the US and Iran, and it has to do with soccer,
- 25:30Speaker 3: or football as is called around the world.
- 25:32Speaker 2: Because because you really play.
- 25:34Speaker 3: It with your feet, if you think about it, it's
- 25:36Speaker 3: really not soccer. It's football. All right, we're gonna come
- 25:39Speaker 3: up with that. Kf I am sixty.
- 25:43Speaker 1: You've been listening to the Bill Handle Show. Catch My
- 25:45Speaker 1: Show Monday through Friday six am to nine am, and
- 25:48Speaker 1: anytime on demand on the iHeartRadio app.