Hey Snackers,
Australia's avo toast shouldn't qualify as a NYE hangover cure — based on our international research, go with Denmark's Flæskestegssandwich (roast pork sandwich).
Stocks fell into the final trading day of the decade. Wall Street's closed on New Year's Day, so we made a resolution to serve your next Snacks on Thursday morning.
While the peanuts get staler and seats get smaller... the profits are growing. US airlines are about to post their 10th straight year of profits — that's their longest streak in over 40 years. Here's why it's shocking:
Experiencing turbulence... In 1974, an airline couldn't charge less than $1,442 for a NYC-LA flight. After deregulation, airlines struggled as cheaper absolutely-no-meal-included flights went mainstream. Then this happened:
Maintaining cruising altitude will be hard... It's not just less competition and a rising economy — airlines profited the last 10 years by cramping seats, charging your luggage, and barely paying crews more. But flight attendants read this Snacks too and want a piece of airline profits. Next year, airlines are set to negotiate with over 120K unionized airline employees (and their salaries are already airlines' biggest expense).
Here's what $15B gets you... A trophy you give to yourself. Netflix splurged all those billions of investors' cash on 2019's original content — movies/shows produced by Netflix, sprinkled with Jennifer Aniston and Stranger Things. Now Netflix is boasting that its releases this year were more watched than any other studio on the platform.
Cue the asterisks... (we noticed plenty of them).
Netflix's next decade depends on original content... Disney is yanking its magical content from Netflix to sprinkle on Disney+. And top-streamed shows Friends and The Office leave Netflix in 2020 and 2021 for HBO Max and NBC's Peacock (it's rerun-pocalypse). But of all the new releases hitting Netflix chillers' eyeballs, Netflix's homegrown talent is getting the most clicks.
Disclosure: Authors of this Snacks own shares of Tesla and Uber
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