Warren Buffett is quoted as saying that the airline business in the US “has made no money.” Thanks to a forgettable investment Buffett had made in US Air, he even went so far as to suggest a capitalist should have shot down the Wright brothers during their historic "first in flight" moment.

The airline industry has been one of the hardest hit by this summer’s run-up in crude oil prices.

British Airways (LON:BAY) CEO Willie Walsh says it’s “the worst trading environment the industry has ever faced.”

But crude oil’s retreat from its early-July peak has led investors back into the industry, says Martin Denholm in The Smart Profits Report.

A Kiplinger's article about Stratton Small Cap Value. One interesting note near the end of the article: "The fund's annual turnover is low at 15% (the average for funds that invest in small, bargain-priced stocks is around 90%.)