Virgin Australia Holdings Limited

You can see why people buy airline stocks. Flicking through Virgin Australia’s 2012 annual report, I caught myself aimlessly gazing at all the clean airports and exotic locations. But I’m able to pull myself up before it’s too late because I’ve heard the tales of woe from aeroholics. I remind myself that airports are never that clean, my locations are rarely that exotic and, since the invention of the airplane, airlines have made an overall net loss – or so said Warren Buffet once and he must know (he invented the term aeroholic). Tim Searles wrote in his Confessions...

You can see why people buy airline stocks. Flicking through Virgin Australia’s 2012 annual report, I caught myself aimlessly gazing at all the clean airports and exotic locations.

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