Occupy Airlines

mauldineconomics.com / BY JARED DILLIAN / JUNE 1, 2017

SIC was terrific this year. I was less hardheaded than last year, so actually learned a few things. And though it’s unlikely to happen, I’d love to have Matt Ridley come back every year until 2037.

A few pictures were snapped to prove I was actually there. The photographer got me onstage, catching flies, interrogating David Zervos of Jefferies about his Bondfire hats.

Also, I DJed the Tuesday night cocktail reception, and managed to record about half of the three hour set. You can check it out here. And if you want to check out the rest of the SIC (DJ set not included), you might want to think about picking up a Virtual Pass.

What I want to talk about today is airlines. I’m a longtime airline bull, going all the way back to 2012-2013—long before it was fashionable.

I liked airlines because everyone hated them. Especially Warren Buffett, who once said that someone should have shot Orville and Wilbur out of the sky. He now owns the stocks.

A pilot wrote a great article in The New York Times saying that the conventional wisdom about airlines (which is that they suck) is all wrong.

People like to talk about the golden age of flying, with three-course meals, plenty of room to stretch out, people wearing ties, the piano bar in 747s… all that jazz.

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