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Affected employment rates? Affected growth of the industry? Affected prices of the product?

2006-09-25 15:51:34 · 2 answers · asked by michelle b 1 in Politics & Government Other - Politics & Government

2 answers

I'm with Warren Buffet on the airline industry:

Despite such speculation, stick with Warren Buffet's analysis of the airline industry. After a particularly unfulfilling investment experience in airline stocks several years ago, Mr. Buffett undertook a study of the airline industry. Taking into consideration the airline industry's cumulative finances since the day the Wright Brothers took off at Kitty Hawk in 1903, Mr. Buffet concluded that the industry has been, on the whole, utterly unprofitable. In hindsight, Mr. Buffett wryly observed that shooting down the Wright Brothers on that beach would have been a reasonable financial, if not moral, move.

2006-09-25 16:03:49 · answer #1 · answered by imnogeniusbutt 4 · 0 0

I don't have the answers...but I don't think government bail outs have helped a thing. These folks need to be better business people and figure out how to make money like the rest of us.

They provide a service that a lot of people pay big money for and somehow they just can't seem to figure out how to make profitable. I guess those need to go bye bye and make room for some people who are willing to invest and run airlines differently.

2006-09-25 16:04:32 · answer #2 · answered by KERMIT M 6 · 0 0

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