Why Airlines Are Betting Billions on First-Class

renovate: 개조하다
These first-class seats were renovated as part of a $550 million investment to upgrade Air France’s existing planes and lounges.

subsidize: 보조금을 주다
The prevailing wisdom is that economy seats are there to subsidize the cost of flying.

budget carrier: 저가 항공사
For some traditional airlines, the changes are a correction to years of trying to compete with budget carriers like Spirit and EasyJet.

aviation industry: 항공산업
The global aviation industry has about $900 billion in annual expenses, largely fuel, labor, equipment, and various overhead costs.

amenity: 생활 편의 시설
To stay in the black, full-service carriers have had to trim amenities and streamline operations.

gradually: 서서히
We have gradually been reducing the average size of our long-haul fleet.

instability: 불안정
Travel is one of the first things to be affected when prices go up or there’s uncertainty or there’s instability in parts of the world.