Jaww

And somehow nobody gets arrested for the drugs. Politics... My behind would be in jail.

“‘The narcotics, although in plain view, were not in physical possession of anyone inside the room.’ The officers chose to impound the narcotics.”

full of luv

Good point....maybe they run for office to provide legal cover vs the "common man". Not to mention the ability to use their "campaign donations" to fight "spurious legal charges".

BoldPilot

So...Do we think airlines should diversify into other businesses to obtain new sources of revenue in down times? I don’t think the current business model works. Why not invest/own in something outside aviation and travel? Heck go into the beer brewing business for all I care. The industry needs to insulate itself better.

Jaww

Maybe they can get Gillum to help them diversify into the drug business.

I kid I kid. Diversification seems like an 80/90s thing. Like when Pepsi/KFC/Pizza Hut/Taco Bell could all be bought in the same place. Jack of all trades and a master of none comes to mind.

ipdanno

No, airlines do not need to diversify for down times. What ‘side gig’ could an airline have to protect its revenue stream, in times like this? Nothing would do that. This is not a normal business cycle. This is the most major global shock of our times.

The current business model DOES work, for normal business conditions. If you continue to lose 95% of your revenue, though, nothing is going to save your behind.

Now these businesses COULD have better prepared themselves for this, if they could have foreseen this shock, by maybe, oh well, NOT doing such massive stock buybacks, but do you expect them to have foreseen THIS?

Maybe the diversification would be that hedge funds—WB and his BH, for example—buy up an airline and stick it in their portfolio. Instant diversification for the investors, of the hedge fund.

Disclosure: I neither hope for nor recommend the hedge fund concept mentioned.

bababouey

There are lots of things an airline could invest in. Oil refineries and other large airlines come to mind.


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Aldo Raine

Sure, ‘cause running an airline isn’t already complex enough.

BoldPilot

Not nearly as difficult as fightin’ in a basement. Would you say that’s a Bingo Aldo?

Beech Dude

Diversification and airlines...hmm...anyone remember Hooters Air?

Elevation

Airlines could diversify. I really see some compelling reasons to stop any more mergers from happening. In fact I think we have good reason to get the SEC to break up the survivors. Any company so bis as to need a bailout to protect the US economy is too big to exist without an SEC breakup.