Open Markets and Open Skies

The thicket of regulations which used to govern air travel between the US and Europe, which severely limited which airlines could fly to and from various destinations, will be gone on March 30. Here’s hoping the innovators in low cost travel in Europe (Ryanair, Wizzair, et al; take a look at their sites and the unbelievable prices) will make transatlantic travel more affordable.

Of course, as an investor, you might be interested in Warren Buffett’s take on the industry: “if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.”