salamanderpress
26th Jul 2009, 15:29
Been wondering for a while and decided to take a chance and pop the stupid question, viz..
"If every airline in the world is losing money, who exactly IS putting in the money to keep things right side up..?"
Looked it up on Wikipedia on this link.. Airline - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Airline)
here's what it says,
"Since 1980, the industry has not earned back the cost of capital during the best of times. Conversely, in bad times losses can be dramatically worse. Warren Buffett once said that despite all the money that has been invested in all airlines, the net profit is less than zero."
So, if airlines as a whole have been losing money for the last 3 decades, who exactly lost the money?
Any enlightened thoughts on the subject.? or unenlightened ones too, for that matter.
"If every airline in the world is losing money, who exactly IS putting in the money to keep things right side up..?"
Looked it up on Wikipedia on this link.. Airline - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Airline)
here's what it says,
"Since 1980, the industry has not earned back the cost of capital during the best of times. Conversely, in bad times losses can be dramatically worse. Warren Buffett once said that despite all the money that has been invested in all airlines, the net profit is less than zero."
So, if airlines as a whole have been losing money for the last 3 decades, who exactly lost the money?
Any enlightened thoughts on the subject.? or unenlightened ones too, for that matter.