Why Airlines Are Bad Investments
Read the full article at: http://barelkarsan.com/2008/09/why-airlines-are-bad-investments.html
Submitted by sajid.karsan on Thu, 2008-10-02 15:12.
(via barelkarsan.com)
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.
I really appreciated
I really appreciated the income elasticities of demand table included in this article. I'm an econ nerd at heart and I really connected with the explanation given for why airlines are bad investments.