Warren Buffett have regretted for investing in US Airways. Airline business is a good business for pilots and managers, not for investors.
The oil costs, the huge number of Companies in the business and the terror threat, have been a major weapon against airline business.
But, Southwest Airlines have been a good case for more than a decade. Today, we have also a new top manager, US Air CEO Doug Parker, which is leading a new way in the business.
After the attack on Delta, from US Airways, United Airlines is attacking Continental. And as far as last Wednesday, the Amex Airline Index jumped 3%.
Probably, we are in a new step of the airline business, after low-cost carriers, we have a merger trend in the next months.
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