Today’s featured link:
Wall St analyst report: Delta may create overseas subsidiary – ATW
Rumors abound that Delta is going to create some foreign companies to house its international joint ventures. Why? To avoid taxation of course. That’s why every company leaves the US.
Honestly, it’s hard for me to blame Delta. If our government can’t get its act together on a tax system that prevents this sort of behavior, then why shouldn’t Delta do this? Yes, it’ll piss people off, but I doubt travelers will change their behavior. (If people really cared, they wouldn’t buy Apple products.)
What do you think?
Two for the road:
Can Airlines Make Money? – Priceonomics
This is a good read about the history of profits (or lack thereof) in the airline industry.
The Disturbing Truth About How Airplanes Are Maintained Today – Vanity Fair
Nothing to see here. Just another article talking about the evils of outsourcing. There’s really nothing new in this piece, but it’s always good for generating discussion.