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Railroad Recession & Airline Boom | Jay Shabat on Planes & Trains
Forward Guidance
The History of Airlines Going Bankrupt
Hawaiian Air is a very interesting airline doing fantastically well during the 2010s, because Japanese tourists are just not common. So US airlines have been are much more resilient now than they used to be. It's still a very capillary intensive industry. You're constantly subject to any damage. I mean, you read the news and anything that goes bad in the world, it's the airlines problem. We'll talk really about consolidation. But the we've had about six, I believe, very, very large mergers over since about 2005.
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