Dots to connect:
- George Soros buys stake in Delta Airlines
- Delta Airlines buys refinery
- refinery buys $71 Bakken oil; WTI at $94
Disclaimer: this is not an investment site. See "disclaimer" and purpose/mission statement of the blog. Do not make any investment decisions based on what you read here or what you think you may have read here.
Years ago there was an article in Forbes or some other magazine that correctly identified Southwest Airlines as an "energy play," and not an "airline play." History repeats itself.
Speaking of Southwest Airlines, according to Bloomberg Businessweek, page 126 of the current "special edition," there are only four national airlines, and the regionals (most of which are linked with the Big 4: United, Delta, American-US Airways, and Southwest. And of those four, only three have intercontinental flights.
On the lucrative intercontinental flights, US consumers have only three US carriers to choose from. After that it's Singapore Airlines, Turkish Airlines, etc. Speaking of which, whatever happened to KLM-Northwest? Northwest was absorbed by Delta back in 2008 to become the largest airline at the time.