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The Airline Industry: A “Lose-Lose” Business Model With Two Ways To Profit
“Pack your bags… it’s on.”
So says Southwest Airlines (NYSE: LUV) CEO Gary Kelly at the end of the company’s latest television commercial.
He’d better hope so. The once trend-busting airline, whose savvy fuel hedging strategy and cheap, efficient service helped it chalk up profits, even as its rivals in the airline industry were collapsing, is now coming off three straight quarterly losses, including a $91 million first-quarter drop.
And the company’s May traffic dropped 3.6% from May 2008 – the end of a five-month spell that saw the airline fly 2.2% less revenue passenger miles…
12Jun2009 | Smart Profits Report | 0 comments | ContinuedCan You Profit From The Market’s Worst Industry?
by Marc Lichtenfeld
Senior Analyst, Smart Profits Report
It can often be quite a lonely place and the investment crowd may call you all kinds of derogatory names – but when it comes to stock picking, nothing beats the feeling of striking out on your own, going against conventional wisdom and being proved correct.
And you know what? The rancor you may receive along the way is actually a good thing – as I’ve discovered at first-hand. When I wrote for TheStreet.com, the more hostility I encountered from readers, it usually meant that I was…
5Jun2008 | Smart Profits Report | Comments Off | Continued
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