Is Wall Street ‘Full of Bull’? Yes, if you’re an individual investor taking sell-side research at face value.
More on the Airline Industry’s Woes: "When the price of an input rises, then of course less of the output will be produced. This is one of the least subtle lessons in introductory economics. But when it’s the airlines, we’re now ‘slashing’ and ‘cutting.’ It’s a supply curve shifting. Chill."