Category: Transportation

What Does Buffett Know About Airlines?

Setting valuations aside, the true test of long term profitability is whether operators have made a permanent transition from price-taker to price-maker . The “airlines had a bad century” argument assumes that pricing power improves at a faster rate than a consumer’s ability to identify and exploit systemic weaknesses.

The Latest: Manager: Musician meant no harm by gun on plane

In this Feb. 18, 2006 file photo, Rick Derringer performs during a campaign rally kicking off George Wallace Jr’s bid for the office of lieutenant governor in Montgomery, Ala. Prosecutors say Derringer carried a loaded gun in his carry-on bag on a Delta Air Lines flight from Cancun, Mexico, but was stopped after landing in Atlanta.

Artists perform at DC-area airports for Black History Month

Officials who run Ronald Reagan Washington National Airport and Dulles International Airport say African American musicians will be performing at the airports for Black History Month. The Metropolitan Washington Airports Authority says in a statement that the musicians will make appearances at both airports on Thursdays.