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2
Booger
2020 Mar 16, 6:18pm
Booger
2020 Mar 16, 6:18pm
How do you mandate fiscal responsibility for an airline?
Minimum cash reserves, like a bank?
Minimum cash reserves, like a bank?
3
Hircus
2020 Mar 16, 6:28pm
Hircus
2020 Mar 16, 6:28pm
When buffet started buying airline stocks maybe ~3 or so yrs ago, ppl wondered why, given that he had previously avoided them due to them having a history of being serial money losers. Eventually when grilled on it, he said he felt things were different now, and that the airline industry was ripe for consolidation in the future, so he was buying airlines w/ the expectation that it will happen in the future some day. If some merge, then reduced competition should lead to higher profits long term.
Looks like he might get his way.
Airlines might get beat up moderately to badly from this depending on how this plays out in the next few months. Interest rates are now super low, which I imagine sure helps big money borrow $$$ to use to help them inhale other companies with smug hostility. And, if the airlines do get beat up, I'd imagine regulators would fast track approvals for mergers & acquisitions given the potentially precarious industry economics.
Looks like he might get his way.
Airlines might get beat up moderately to badly from this depending on how this plays out in the next few months. Interest rates are now super low, which I imagine sure helps big money borrow $$$ to use to help them inhale other companies with smug hostility. And, if the airlines do get beat up, I'd imagine regulators would fast track approvals for mergers & acquisitions given the potentially precarious industry economics.
4
MisdemeanorRebel
2020 Mar 17, 2:07pm
MisdemeanorRebel
2020 Mar 17, 2:07pm
There should be a floor on ticket prices, nothing under 3.5 hours or 500 miles for less than $350.
If you're too much of a cheapskate to start a trip for less than $350, then you need to travel like a schlub, too. My recommendation is:
www.youtube.com/embed/I1rMtCoGhYA
In 90% of the country one can't reasonably make less than $10/hour, so about week's wage gets you a round trip ticket. Without turning Airlines into Greyhound.
Enjoy less full flights and less skezzy inhabitants. They should also require Button Shirts and Pants to fly.
If you're too much of a cheapskate to start a trip for less than $350, then you need to travel like a schlub, too. My recommendation is:
www.youtube.com/embed/I1rMtCoGhYA
In 90% of the country one can't reasonably make less than $10/hour, so about week's wage gets you a round trip ticket. Without turning Airlines into Greyhound.
Enjoy less full flights and less skezzy inhabitants. They should also require Button Shirts and Pants to fly.
IF we bailout Airlines again, maybe the high volume, low service, cheap tickets model has to go away in return. We can't keep bailing out airlines every decade. There will be occasional disruptions in air travel due to various events and that's unavoidable, so we need something more sustainable.
I like mandatory 21" seats, full service over 2 hours, no baggage fees at a minimum. Ticket prices will have a floor to insure the air travel infrastructure is well padded against Events.
Make Airline travel elegant again, and give the Taxpayer a break.