Always Ask What Your Airline Can Do For You: Delta Air Lines
This phrase by the sage is pretty much spot on. Airline stocks in general have performed awfully over the last decade. In fact, shares of most airlines trade today at the same price they traded back in 2000. This business is shrinking and with good reason.
The airline business is a terrible business. It’s extremely capital intensive, prone to recessions and highly sensitive to the price of fuel, the industry’s main raw material.
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