S&P 500
7,722.20
+0.30%
Dow Jones
53,637.40
+0.52%
Nasdaq 100
29,353.60
-0.47%
Russell 2000
3,040.16
+0.66%
FTSE 100
10,755.80
+0.23%
Nikkei 225
65,906.50
-0.26%

Investing

For the Airlines to Profit, Government Must Allow Them

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

John Tamny of RealClearMarkets
When seasoned investors contemplate the airline industry, it’s often said that more money has been lost on investments than has ever been made. It could realistically be said that airlines are the restaurants of the travel industry.

In many ways this shouldn’t surprise us, given the origins of our best-known and oldest air carriers. T.A. Heppenheimer wrote in his 1994 book Turbulent Skies, “Government actions brought forth the first air carriers in both Europe and the United States.” Rather than creations of the private sector, in many ways, politicians formed notable firms such as American Airlines (and TWA, which it acquired not long ago) as a way of moving mail around the country.

Read more…

Contact [email protected] for any questions or corrections.

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Among US Airlines, 100,000 Jobs at Risk
Douglas A. McIntyre |

Among US Airlines, 100,000 Jobs at Risk

If the other large U.S. carriers cut their workforces in line with American Airlines, the nationwide number easily could top…

Douglas A. McIntyre |

AMR Finally Grows Up

AMR filed for Chapter 11 more than seven months ago. Management had harbored hope that the company and its American Airlines…

Jon C. Ogg |

How Airlines Have to Treat the Risks After This Tragic Plane Crash

After the tragic crash of the Germanwings flight in Europe this week, airlines will have to figure out how to…

How to Get a 34% Raise
Douglas A. McIntyre |

How to Get a 34% Raise

People in some industries have received double-digit percentage raises, proof that supply and demand are still part of the economy.

US Airlines Collected $200 Billion in Fees Last Year
Paul Ausick |

US Airlines Collected $200 Billion in Fees Last Year

A new study by the Government Accountability Office urges more transparency in how airlines disclose the many options available to…

Douglas A. McIntyre |

As Airlines Consolidate, American Airlines Left Out

Less than 20 months ago, American Airlines (AMR) was the largest airline in the world competing against five smaller and…

Douglas A. McIntyre |

Can A Combined NWA & Delta Narrow Losses? (DAL, NWA, CAL)

If you were against airline mergers, you might be preaching to the deaf now.  Northwest Airlines Corporation (NYSE: NWA) has…

Douglas A. McIntyre |

AMR Layoffs: The Airline Industry Nose Dives Again

American Airlines, whose parent AMR is in Chapter 11, will use that status, a staple of the industry, to send…

Spring Travel Season to Drive 145 Million Fliers
Douglas A. McIntyre |

Spring Travel Season to Drive 145 Million Fliers

From the start of March to the end of April, there will be 145 million fliers on America's airlines to…

Top Gaining Stocks

Moderna
MRNA • Vol: 54,225,066
Estee Lauder Companies
EL • Vol: 4,009,241
Merck
MRK • Vol: 8,715,284
Jack Henry & Associates
JKHY • Vol: 251,748
Newmont
NEM • Vol: 1,841,487

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Dell Technologies
DELL • Vol: 1,522,560
CrowdStrike
CRWD • Vol: 2,212,866
Hewlett Packard Enterprise
HPE • Vol: 3,534,786
Broadcom
AVGO • Vol: 8,287,000