, 3 tweets, 2 min read
1/ "The failure of 18 airlines in 2019, including four in the past five weeks, may flood the market with as many as 135 Boeing and Airbus jets."google.com/amp/s/www.bizj…
"I really don’t know one plane from the other. To me they are just marginal costs with wings.” Alfred Kahn 1977
mobile.reuters.com/article/amp/id… "The worst sort of business is one that grows rapidly, requires significant capital to engender the growth and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive since the days of the Wright Brothers." WB
3/ news.google.com/articles/CAIiE…

"The big problem is not aggregate costs, but costs versus competitors. If your costs are out of line, you’re going to get killed eventually.” Warren Buffett
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