A few months ago Jim Rogers announced an interest in buying airlines, the interviewer (shocked and amazed) highlighted the obvious (as if he didn’t already know) that many are going bankrupt, and Jim responded by saying, “Good… bankruptcies are signs of a bottom, not signs of a top”. He is a regular customer of the industry, and he knows there exists strong demand for their service at current prices, which means they could probably get away with some price hikes to restore profitability.
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