New ETF Indicates Airlines Set to Soar [View article]
One of Jim Cramer's investment commandments: never ever buy an airline. I can't agree more. The industry is full of wide eyed enthusiasts, most of them never make any money. Structure of industry doesn't help either: huge fixed costs can ruin any business.
Why Airline Stocks Are So Often Bad Investments [View article]
There is also psychology problem: airlines are mostly created and run by enthusiasts. And there are way too many enthusiasts in aviation. Industry lacks real business discipline as a result. There are some exceptions, like Southwest, but they might be enthusiasts with good business sense.
New ETF Indicates Airlines Set to Soar [View article]
Why Airline Stocks Are So Often Bad Investments [View article]