Originally Posted by
EIFFS
If this was a tech stock no one would bat an eyelid, but of course it’s not!
That's very insightful actually.
Uber, the car-hailing service, lost another $1.1 billion in Q4 2017 for a year-total loss of $4.5 billion. It has never made a profit and is well over $10 billion in debt. Yet people keep investing. And they don't even own their own fleet - not much in the way of assets.
Meanwhile a large airline with about $5 billion in aircraft assets alone makes an 2017 annual loss of $38 million, after a 2016 profit, and people start predicting apocalypse. Get some perspective. $38 million would barely pay the Board's remuneration in some airlines.