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Alias Born | 04/05/2009 |
Saturday, September 03, 2016 8:23:46 AM
Fair enough.
Honestly, I was a little surprised when posting the price change earlier this week. I expected DAL and the other airlines to be a little flatter since fuel costs have remained low in a long term perspective and fairly stable in the short term.
I will openly admit that I do not follow airlines as closely as other industries, but do pay much more attention to DAL over DFW-based AAL. Why? DAL does, or maybe, should have a competitive advantage over the others when it comes to fuel costs because it operates a former COP refinery. Not trying to poke fun at DAL here. I am truly interested in seeing how that investment plays out in the long run, especially when (or if) crude oil returns to more normal prices.
Not sure why the comparison to C since it's a bank.
Since you opened the door, C started life back in 1812 as the City Bank of New York. The number of airlines in the history of the world is very small when compared to the number of banks that have opened their doors. However, C not only survived the Great Recession but also the Great Depression, something the management and boards of a much larger number of banks were not able to do. Even Banca Monte dei Paschi di Siena in Italy, which opened in 1472, may not survive.
Since 1990, 189 airlines have failed. DAL has also suffered through tough times. It too filed for bankruptcy on 9/14/05. So, legacy DAL shareholders were left holding the bag.
DAL should be considered the "New" Delta Air Lines.
Will C be around in another 204 years. None of us will know. Life is short.
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
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