Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (33649)	5/14/2003 12:31:46 AM
From: elmatador	Read Replies (1) of 74559

One small collapse plus another pretty soon we have a real collapse. It will start with air travel siliconinvestor.com. One Jumbo jet costs USD250million. This is equivalent of the capital cost of VW for a truck factory in Brazil. KLM is valued at USD410million or less than 2 Jumbos. The biggest airline (American Airlines) has 7% of the global market. In the four months it lost USD10 million per day. Together, the 10 biggest US airlines, in April, had a market value of USD3,2 billion. As a block their debt totals, USD 103 billion. And you thought that Argentina had a problem :-)

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