Plenty
of investors, analysts and commentators have noted that the airline
business is fundamentally lousy and one of the fastest routes to
losing large amounts of money. There's ample evidence that that is
more than just simple grousing over sour grapes - Warren Buffett's
Berkshire
Hathaway
(NYSE:BRK-A)
has struggled to make any real profits from its various investments
in the sector, and even the well-respected Singapore
Airlines (OTC:SINGF)
has seen its nearly $1 billion investment in Virgin
Atlantic do it
almost no good at all. Now there are stories that SingAir is ready to
cut its losses, and that American air giant Delta
Airlines
(NYSE:DAL)
is eager to pick up the asset.
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