Airline news in the past week

Investment Analysis Clubs Macro Economic Trends and Risks
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Airlines is a very bad business.

Unions, Strikes, Price wars and Customer service issues and Government regulations. Then there are uncontrollable factors: Terrorism, Hurricanes, Pandemics.

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I feel the same way about restaurant stocks.

DB2

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Yes, but…

Between 2004 and 2010 I had an IRR of 35% on Ryanair (RYAAY) and it was not Ryanair’s best decade.

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There is always some gold in the trashcan.

The Captain