-Billionaire Warren Buffett has $10 billion sunk into airline stocks, his company Berkshire Hathaway revealed last week. “It’s a move that’s partly reflective of the strength of the entire U.S. airline industry, but also highlights that — from the perspective of consumers — the airlines offer very little to differentiate themselves from their biggest rivals,” this Business Insider article says.
-Airlines are canceling fewer flights and losing fewer bags, according to the latest U.S. Department of Transportation statistics. CNBC reports that U.S. airlines canceled only 1.17 percent of scheduled flights last year, the lowest rate in 22 years. The number of complaints about lost bags dropped to 2.7 per 1,000 passengers, the lowest level since 1987.
-With everyone on a smartphone or tablet, seatback screens are disappearing from airplanes, the New York Times reports. “By streaming content over wireless systems, passengers will have a wider array of content and the carriers will not have to maintain screens because passengers will bring their own portable devices on board,” the article says.
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