Any industry that requires and gets prepayment of its services is a good industry to be in.
-
How do airlines and cruise ships fit into this thesis?
Good counterpoint. I still think it’s a reasonably good rule of thumb. We could modify my comment slightly to exclude them and keep the rest. Lawyer on retainer, software getting a year in advance, or insurance feel different from airplane leaves on may 1 and returns may 7.
-
-
Also, I would argue that we buy airplane tickets early because of our own desires. It’s not because the industry demands it. I’ve bought tickets same day in an airport before.
-
Airlines like prepayment and push us to it — if that helps.
- 2 more replies
New conversation -
-
-
Maybe a more general rule: all else equal, a business that gets paid in advance is better. The longer the delay between payment and services, the better.
-
Loses its predictive power that way I think.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.