Zero to One: Notes on Startups, or How to Build the Future · chapter 3 · id zero-to-one-c3-04-us-airlines-generated-160-bill

“U.S. airlines generated $160 billion in revenue in 2012 but earned only 37 cents per passenger trip, while Google earned $50 billion with 21% profit margins -- proving competitive markets destroy profits.”

holdsconfidence: high⚠ extracted by pipeline, re-audit pending

Receipts

IATA Financial Monitor (2012-2013)source alive

Global airline industry net profit margin was approximately 1.5% in 2012. U.S. carriers generated $160B+ in passenger revenue with thin margins squeezed by fuel costs, competition, and labor.

Macrotrends -- Alphabet Historical Profit Marginssource alive

Google/Alphabet net profit margin was approximately 21% in 2012, with $50.2B in total revenue.

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