Trying to Understand Airline Executive Compensation [View article]
I Mentioned on your blog several weeks ago that since commercial airline travel commenced in the mid twenties, the cumulative losses by all carriers is in the hundreds of billions.
What investor in their sane mind would want to invest in an airline stock knowing full well that the company is destined to lose $$$ going forward. And yes, this includes Southwest, though I admit they try to be innovative and try to develop new methods to stem the chronic losses this industry has suffered. Any investor who purchases an airline stock for any reason other than a short term trade is a damn fool!!!
Full disclosure, I was employed with Eastern Airlines in the early 70's while in college so I do have some knowledge of the industry...
Airlines: Some Costs They Can't - And Shouldn't - Cut [View article]
Several years ago I heard that since the mid 20's when commmercial air travel commenced the aggregate loss by all U.S. airlines was over $200 billion...
I would not invest in any airline stock as you are guaranteed that you will eventually lose $$$! Like the financial and medical industry the aviation industry must be completely be reorganized. All three industries are poorly operated and even though pilots do not nowhere come near to what the other two industries earn, all three need a complete overhaul!!!
Full disclosure, I was employed with Eastern Airlines in the '70's...R.I.P. EAL!
Trying to Understand Airline Executive Compensation [View article]
What investor in their sane mind would want to invest in an airline stock knowing full well that the company is destined to lose $$$ going forward. And yes, this includes Southwest, though I admit they try to be innovative and try to develop new methods to stem the chronic losses this industry has suffered. Any investor who purchases an airline stock for any reason other than a short term trade is a damn fool!!!
Full disclosure, I was employed with Eastern Airlines in the early 70's while in college so I do have some knowledge of the industry...
Airlines: Some Costs They Can't - And Shouldn't - Cut [View article]
I would not invest in any airline stock as you are guaranteed that you will eventually lose $$$! Like the financial and medical industry the aviation industry must be completely be reorganized. All three industries are poorly operated and even though pilots do not nowhere come near to what the other two industries earn, all three need a complete overhaul!!!
Full disclosure, I was employed with Eastern Airlines in the '70's...R.I.P. EAL!