Warren Buffett Is Betting the Airline Oligopoly Is Here to Stay
Harvard Business Review
NOVEMBER 17, 2016
Warren Buffett got burned with an airline investment in the 1990s. He blamed the industry’s notorious low profitability on the “kamikaze pricing tactics of certain carriers” and vowed to not invest in this “death trap” sector again. ” Some of that profit is the result of innovative pricing models.
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