All news bad news for QAN and VBA airline shares
Airlines have long had a reputation of being difficult to make a buck out of. Even Warren Buffett, the ultimate investing guru, dropped 75 per cent on an investment in airlines. Buffett famously once said of the first flight by the Wright Brothers: “If there had been a capitalist down there, the guy would have shot down Wilbur. One small step for mankind, and one huge step for capitalism.” So why is the airline business so tough?
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