Airline stocks have taken an absolute beating with the high oil price. It is now safe to be a perma-bear on the airlines. To us, this is just when a trade starts to get interesting-when everyone else is on the other side. The trouble with being an airline these days is that it’s a really bad business. You have high capital costs, high energy costs, long-term contracts with unions, and lots of competition. Many airlines will go out of business the longer the oil price stays high. At least there will be less competition.
June 19th, 2008 | Dan Denning | 2 comments | Continued Our DR Global Editions: 
Friday, November 21st, 2008
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The Markets
All Ordinaries Id 3332.60 +0.00
S & P/asx 200 3352.90 +0.00
Nzx 50 Index Gros 2644.67 +0.00
DJIA 7552.29 -444.99
NASDAQ 1316.12 -70.30
S&P 500 752.44 -54.14
Ftse 100 3874.99 -130.69
2008-11-20 16:00 Most Comments
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re: why not live in a mud hut? above
being from the country im biased and cant help but laugh at ...
Paul | 21Nov08 | More -
"They are likely to want to cooperate with the world's new institutions"
How very true and sad. Americans no longer ...
Greg S. | 21Nov08 | More -
I am heartened reading all the above. I also believe Friedman gets a bum wrap, especially from the point ...
Ross Delaney | 20Nov08 | More -
The views of Marx and Mises are not mutually exclusive.
Marx and the "utilitarian liberals" and Labour Movements of ...
Coffee Addict | 20Nov08 | More -
The Club of Rome predicted that economic growth could not continue indefinitely because of the limited availability of natural resources, ...
Peter Carvapai | 20Nov08 | More -
"People who oppose short-selling should take a course in contract law."
First, in every economic panic the experts point the finger ...
ralph hill | 20Nov08 | More -
Agree. That's why this is an excellent time to invest in oil.
Curt | 20Nov08 | More -
I would suggest that the Western world send its money oracles to Zimbabwe, to learn first hand how to deal ...
Jon Bain | 19Nov08 | More -
Until you acknowledge this :http://www.poseidons.net/air-wheel/alternative-flight.htm the world is going nowhere.
Jon Bain | 19Nov08 | More -
Ross,
Socialism has to do with the ownership of the collective means of production and, therefore, is about what to produce ...
Peter Carvapai | 19Nov08 | More
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re: why not live in a mud hut? above
being from the country im biased and cant help but laugh at ...
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