Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2001-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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Airline Travel Is a Compounded Business

The airline unions are really tough and it's interesting to see a group of people that are paid as well as airline pilots with such a brutally tough union structure. No individual airline can take a long shutdown without having considerable effects on habit patterns and future prospects. The weaker you are the better your bargaining position is because even a very short strike will put you out of business, he says. Charlie: "If you're smart enough to figure out where exactly the point is that you can push us to and still come back"

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