Wednesday, October 5, 2011

Travel Blogging I

The DrsC are traveling again. We may post some impressions from the Mediterranean basin, in the next month. Right now we're sitting in United's Red Carpet Club at Dulles/DC, and it is busy. Don't subscribe to the notion that few people are traveling - it's nonsense.

On the other hand, I wouldn't buy shares in airline stock. All the majors are very low. Somehow they cannot develop pricing power - the ability to raise fare prices to the point where profit margins are decent.