The old saying is that if you want to be a millionaire, start out as a billionaire and buy an airline! But, what happened? None other than Warren Buffett, who called airlines a death trap for investors, has poured $10 billion into the four major airlines in the last couple of years. Why are airlines better investments than they used to be? Business Insider says that Buffett’s investment is everything you need to know about the airline industry.
Over the past decade, the landscape of the airline industry in the US has changed greatly. All four airlines have reported record profits, […]