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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: MIRU who wrote (190680)5/18/2015 1:17:14 AM
From: Elroy Jetson2 Recommendations

Recommended By
CommanderCricket
dvdw©

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Quite a number of very thorough business school studies over the decades have consistently shown the airline industry has never made a cumulative net profit since it began in 1914.

That's really startling when you stop to think about it. The airline industry exists only due to the cumulative bond and stock losses incurred by investors.

A one time you could say their costs were front-end loaded, and that was part of the explanation, but today virtually all of that equipment is leased.
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