[ThomPete]

I am always reminded of Branson being asked about how to become a millionaire to which he replied "You start as a billionaire and then buy an airline"

I think Theils point was that even those airlines that do survive makes no profit.

[geoffbrown2014]

This reminds me of the old farmer saw. A farmer was asked what he would do with a millions dollars. His answer: Keep farming until it was gone. :)