Airline economics

Going Commercial: Airline Economics: Fasten Your Seat Belt — good article about airline economics and the fact that as an industry, airlines have been a net money loser over their entire existence. I wonder if this is not typical of any capital-intensive industry, I seem to remember seeing the same analysis of the pulp and paper industry at one point tho I can’t lay my finger on it now. I don’t think this necessarily means a lot for society, society will still find a way to fund these industries as they have a lot of utility. As an individual investor or employee though, it certainly suggests that you should run away from these industries.