Warren Buffett Makes a Bearish Call on Airlines (and a Stealthy Bullish One)

Berkshire Hathaway 2020 (Virtual) Annual Meeting [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] Perhaps the biggest news from Berkshire Hathaway’s (online) annual meeting yesterday was Warren Buffett’s bearish...
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“Premium Economy” Airline Tickets & Other Oxymorons

Shaving the Bologna Ever-Thinner First, Starbucks tried to make me learn Italian. Always bad at languages, I ignored their preferred “venti” and “grande,” and continued to order my (very occasional) “16 oz. skim latte,” same as always. Next, I had to decipher the rental car companies’ vernacular. Let me save you 20 minutes on hold: a...
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What Comes After Record Airline Profits?

Sell High, Buy Low — & Look Out For Competitors Being an ardent free marketer at heart, I don’t think government should do anything — at least directly — about airfares that remain at nosebleed levels even as airlines’ fuel costs collapse and their profits soar. Instead, I think government should focus on steps to increase competition....
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