Ah, the old umpteen million profit figure with no context that gets headlines in the MSM…
TBF you are right, there’s actually is plenty of money flying around, but the problem is a lot of it flies out of the airline to pay to run the operation and that is typically into the billions, with a “b”, of £/€/$
Reason it’s in the billions is that you get into figures such 10/20/30 thousand dollars an hour simply to fly a modern airliner (type involved and leasing deal means there is variability), airports often charge hundreds of pounds per landing/takeoff, once you’ve stopped flying many airports charge hundreds of pounds an hour for parking…there’s a whole stack of other typical costs that I won’t list here but are hefty but are are invisible to the paying public
The following is not a great metric but worth considering if you want a bit of perspective - take an airline balance sheet, take the profit earned in a season after tax and divide by passengers carried over the same season. In recent years you have typically been seeing the sort of profit per pax @FoleyHuck came up with.. maybe £5 -£10.
TBF Last year was better for many operators but that maybe allows them to refill the coffers that were depleted during the epidemic when aircraft were grounded but leases still needed to be covered and also think about renewing fleets..
Fundamentally if seat choice charges were binned the airlines would either go under or would have to claw revenue lost through other avenues (meal charges, checked bag charges) or raise the basic fare….