Word: flyering
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Burton calmed down quickly after his first eruption, returned to his seat and buckled up. But panic washed over him again as the plane descended, and he stood in the aisle. A flight attendant, assuming he was just a nervous flyer, asked if he needed anything. "I'm fine," he told her. "It's just the drugs...
...there is some truth in the warnings--the air transportation sector does have serious problems that it must address--the doomsday predictions are far too gloomy. In fact, almost 22 years since the U.S. airline industry was deregulated, it is by far the best time to be a frequent flyer--particularly if you are young...
...airlines have significantly more (though not complete) freedom to chose where they fly and they compete more vigorously (although not perfectly) for their customers based on fares, service and frequent flyer programs. You may not take the same route, but if you want to fly from Boston to London, there are plenty of air carriers fighting for your business. What's more, deregulation has spurred huge efficiency gains in the market...
...have begged off their assignments and transferred to desk jobs. And although recent Congressional hearings into air traffic gridlock were useful inasmuch as they highlighted the growing problem, no one expects solutions any time soon. In the meantime, many businesses and individual travelers say they?re abandoning their frequent flyer numbers whenever possible and turning to more dependable modes of transport, like cars, trains and even buses. Sure, they may be slower than planes, but just think of the upside: No turbulence, no impenetrable bags of too-salty peanuts, and best of all, no rude flight attendants...
...trades--costs $5 a share. If the stock swoons, you still get to sell at $70. For that right you give up the next 5 points of gain but capture everything beyond that. A similar strategy can bridge you to the point at which you've held a high-flyer 12 months, qualifying for favorable capital-gains-tax treatment. "It puts a floor under your wealth," says Lee Reid, head of retail options at A.G. Edwards...