An Airline Even Warren Buffett Could Love

Big European discount airline Wizz Air’s decision to put off an initial public offering announced as recently as last month — due to “current market volatility” — appears to confirm Warren Buffett’s regularly reiterated description of the airline industry as a “death trap for investors.” It would be wrong, however, to write off discount airlines as a bad investment: The revolution they started in the 1990s isn’t over yet.

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