Sunday, February 26, 2012

Warren Buffett: Don't fly the Big "O"

George Clooney and Vera Farmiga in an Up In The Air scene shot at Omaha's Eppley Airfield
The latest version of the Oracle of Omaha's annual report letter takes a dim view of inflated airline prices to Omaha during Spring's Berkshire-Hathaway stockholder's meeting.
      We're guessing that the airport authority is as happy with this advice as, oh, say, Lincoln businesses were when Omaha TV stations were broadcasting Chamber of Commerce exhortations to "Buy the Big O" all over eastern Nebraska. Karma's a bitch, ain't it?
     On the other hand, the 99 percenter in AKSARBENT says: "Why not let airlines rip off Muffy and Morton by charging them up the Wahoo when they breeze into Nebraska to check up on their $120,000 per share company."
     Buffett's advice:
"Airlines have sometimes jacked up prices for the Berkshire weekend. If you are coming from far away, compare the cost of flying to Kansas City versus Omaha. The drive between the two cities is about 2 1/2 hours, and it may be that you can save significant money, particularly if you had planned to rent a car in Omaha. Spend the savings with us."

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