And, if you are smart enough to KNOW you are a little too short or too slow for the NBA, a Princeton education can take you a lot farther in life than a Arizona degree. They know how to recruit the players who get that.

And, if you are smart enough to KNOW you are a little too short or too slow for the NBA, a Princeton education can take you a lot farther in life than a Arizona degree. They know how to recruit the players who get that.

You are combining two distinct interpretations of quantum mechanics. In a multiverse interpretation, there is no waveform collapse, as all possible outcomes occur.

Depends how much capital you use to make those profits.

Same as investing. Making an annual return of 100,000 is amazing if.you only have 400,000 in capital. If you have 40,000,000 in capital it is terrible.

And given that interest and depreciation are two of the major expenses airlines face, EIBTDA is a terrible.measure for that industry. But, good luck.

Long run, looks like their return on Capital is around 5.5%. That is not extremely profitable by any standards other than the. airline industry. It is AMAZING for an airline, but that is kind of like getting the best grades in a special education class.

And they have over the past few decades been one of the least bad companies in the industry. But, inevitably competitors will go bankrupt, and continue operating without the full cost of their capital, and launch a fare war, which is what always destroys this industry. Even the best company in the worst industry in the world is still a bad investment. If the P/E drops to 2 or less, it could possibly be called overvalued. Until then, nope. There is no value in that industry.

If you bought every airline at IPO for the past century and held, your portfolio would be showing a loss. Not an inflation adjusted loss, but an actual loss. This industry destroys shareholder value consistently. That during the longest economic bull run in the US's modern history, they managed not to loose money is hardly a ringing endorsement.

No airline has EVER been undervalued. 0 is overvalued. They entire industry has consistently lost money and destroyed capital for a century now.