Why Airlines Are Bad Investments
Why Airlines Are Bad Investments
(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.