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Less Will Continue To Be More

机译：更少将继续成为更多

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"If a man gives no thought about what is distant, he will find sorrow near at hand. " Confucius No one can predict the future with enough certainty to make the exercise completely worthwhile. But, as Confucius implies, thinking about the future is required in order to change it. But first we must understand where we are. Travelers have access to the world at fare levels 50% lower, in real terms, than they were 25 years ago. Unfortunately, the major airlines have cost structures unsupported by current and forecasted revenue levels. With notable exceptions, the industry is not fit for long-term investment. Outdated labor laws and expensive contracts, negotiated in a bygone era, as well as irrational pricing, capacity decision-making at the industry level and antitrust laws that prevent needed consolidation, are rife. The big unionized "legacy" airlines with under-' funded pension plans are in trouble. The faster-growing low-cost airlines are driving the older, more expensive work- force airlines to restructure costs - good news for consumers. Occasional shocks such as major global economic events, more SARS-like outbreaks or terrorist acts cast their shadows, and insurance and security costs will drag down the pace of change. This is reality.
机译：“如果一个人不考虑遥远的事物，他会感到近在咫尺。”孔子没有人能够足够确定地预测未来，以使这项工作完全值得。但是，正如孔子所暗示的那样，为了改变它，需要考虑未来。但是首先我们必须了解我们的位置。与25年前相比，旅行者进入世界的票价水平实际上降低了50％。不幸的是，主要航空公司的成本结构不受当前和预测收入水平的支持。除显着例外外，该行业不适合长期投资。在过去的时代谈判过时的过时的劳动法和昂贵的合同，以及不合理的定价，行业水平的产能决策以及阻止必要合并的反托拉斯法。养老金计划不足的大型工会“遗留”航空公司陷入困境。增长更快的低成本航空公司正在驱使老旧，更昂贵的劳动力航空公司重组成本，这对消费者来说是个好消息。偶然的冲击，例如重大的全球经济事件，更多的类似于SARS的爆发或恐怖行为，都给他们蒙上了阴影，而保险和安全成本将拖慢变革的步伐。这是现实。

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