You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
To anyone who thinks that the airlines couldn't have seen this coming or avoided catastrophe without a bailout: 1. The airline industry has gotten so concentrated in the past couple of years that Buffett bought into it. Buffett doesn't buy businesses that can't generate returns.
2. Credit was not only at historically cheap rates, but was extremely available 2 months ago. Airlines EASILY could've stockpiled cash for an "unforeseeable risk" 3. Speaking "unforeseeable risks", all of the following events happened in the past 20 years: A. 9/11 B. SARS
C. 2010 eruptions of Eyjafjallajökull D. Countless pilot strikes E. Ukraine/Iran missiles Air travel is regularly suspended by "unforeseeable events".
Anyone who has been in business for a while knows it's only a matter of time before you get unlucky. That's why you need cash on hand. Bailout is better structured than the GFC's, but the American taxpayer is the sucker here.
Most of Buffett's past mistakes involves planes. He had a private jet company that didn't work out well. One of his original bigger buys into an airline company didn't either. BUT this one seems like a much more opportunity than when he bought into those other ones
Netjets? I thought that was a winner for him, no?
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
