Why the Economics of the Airline Industry are Hopeless
American Airlines (NYSE:AMR) filed for Chapter 11 bankruptcy Nov. 28, and the move reinforced once again what many have learned the hard way: The airline industry is an incredibly disappointing investment.
Previous airline flops like this prompted an old saying - possibly untrue - remarking that the airline industry has lost money since the Wright Brothers first flew.
They've also inspired tall tales of time-traveling bankers from the future having been seen at Kitty Hawk on Dec.