Why Airlines Are Bad Investments
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.
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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.