Don't start an airline if you want to be rich

Unless you are the CEO, I guess.

From the American Government Accountability Office (pdf) comes this chart of revenue, expenses, and profit in the US aviation industry:

Revenue in the industry has grown almost non-stop for the last 40 years, but expenses have more than kept pace. Only for a brief period in the 1990s did it look like flying passenger planes might make money, but that was derailed by the 2001 crash. As Matt Yglesias comments:

Some things that work as technology don't work as a business model. The Concorde was like that. An engineering marvel that couldn't make money. But... basically the entire passenger aviation industry in the United States is like that.

It's worth remembering as well that international flight isn't much better. Most of the industry is dominated by nationalised (or recently privatised) prestige carriers which can't be allowed to go bust due not only to their stranglehold on their domestic markets, but also through simple national pride. What would be interesting to see is whether that's a cause or an effect.

After all, if the all-encompassing British Airways had gone bust one of the first seven or eight times it ought to have in a proper market, perhaps the rise of the low-cost carriers (who do in fact make a profit from flying planes) could have happened a bit earlier. Or maybe government intervention was the only thing which allowed the aviation industry to mature enough that anyone could make a profit at all.

(via Richard Layman)

A Lufthansa plane takes off from Frankfurt. Photograph: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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“Trembling, shaking / Oh, my heart is aching”: the EU out campaign song will give you chills

But not in a good way.

You know the story. Some old guys with vague dreams of empire want Britain to leave the European Union. They’ve been kicking up such a big fuss over the past few years that the government is letting the public decide.

And what is it that sways a largely politically indifferent electorate? Strikes hope in their hearts for a mildly less bureaucratic yet dangerously human rights-free future? An anthem, of course!

Originally by Carly You’re so Vain Simon, this is the song the Leave.EU campaign (Nigel Farage’s chosen group) has chosen. It is performed by the singer Antonia Suñer, for whom freedom from the technofederalists couldn’t come any suñer.

Here are the lyrics, of which your mole has done a close reading. But essentially it’s just nature imagery with fascist undertones and some heartburn.

"Let the river run

"Let all the dreamers

"Wake the nation.

"Come, the new Jerusalem."

Don’t use a river metaphor in anything political, unless you actively want to evoke Enoch Powell. Also, Jerusalem? That’s a bit... strong, isn’t it? Heavy connotations of being a little bit too Englandy.

"Silver cities rise,

"The morning lights,

"The streets that meet them,

"And sirens call them on

"With a song."

Sirens and streets. Doesn’t sound like a wholly un-authoritarian view of the UK’s EU-free future to me.

"It’s asking for the taking,

"Trembling, shaking,

"Oh, my heart is aching."

A reference to the elderly nature of many of the UK’s eurosceptics, perhaps?

"We’re coming to the edge,

"Running on the water,

"Coming through the fog,

"Your sons and daughters."

I feel like this is something to do with the hosepipe ban.

"We the great and small,

"Stand on a star,

"And blaze a trail of desire,

"Through the dark’ning dawn."

Everyone will have to speak this kind of English in the new Jerusalem, m'lady, oft with shorten’d words which will leave you feeling cringéd.

"It’s asking for the taking.

"Come run with me now,

"The sky is the colour of blue,

"You’ve never even seen,

"In the eyes of your lover."

I think this means: no one has ever loved anyone with the same colour eyes as the EU flag.

I'm a mole, innit.