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As an
investor, I'm positive that you've pondered portfolio possibilities
provided by the new air travel restrictions. While the situation
that caused these changes remains serious, the investment
ideas that some pundits have tossed around have provided more
entertainment than the Three Stooges in their prime. While
these ideas were well-intended (otherwise they wouldn't receive
air or press time), they fall short in the imagination and
reality departments.
The following
subjects were discussed on television, online, and in newspapers.
The 'silly' ideas are addressed, along with my personal reality
checks. While my input may sound cynical, it's only because
I'm disturbed with a media that tries to make the elimination
of terrorism a chore, when - in reality - most travelers are
pleased that innocent lives have been protected thus far.
Shampoo
as an investment: It was said that shampoos might receive
a boost in sales, as passengers will need to purchase a new
bottle everytime they debark an airline. Who are these reporters
kidding? Every hotel that I ever visited offered free shampoo
to their customers. Additionally, friends at the other end
of the line never want you to buy anything?they always have
what you need if they're true blue buddies. Finally, a sensible
solution is to wrap that shampoo in a plastic bag and pack
it into your checked luggage. Simple.
Bottled
water will take a hit: Bottled water might take a dump,
one reporter added, since passengers can no longer take this
commodity on board. While airlines have deleted pillows and
blankets, they always have bottled water on hand. This offering
may not change, especially since carry-on liquids aren't allowed.
The only change that I see - if airlines are smart - is that
they'll begin to charge for all drinks, rather than offer
them for free. It's not like their consumers are going to
step out to find more competitive prices.
Duty-free
sales will die: Duty-free sales of perfume and liquor
received a hit the day that these items were banished from
carry-on transportation. When British Airways announced an
indefinite suspension of all of its in-flight duty-free sales,
they put a crimp into sales of other items as well. This meant
that designer handbags, scarves, and toys also experienced
a profit barrier.
The marketing
departments behind these companies aren't dense. There are
ways around this problem if retail sales are allowed to continue,
and retailers and wholesalers will find that avenue, whatever
it may be. Additionally, one reason that duty-free and regular
stores within airports took a hit during the day that changes
were made in travel restrictions was because passengers were
too busy rearranging their luggage to shop. It will take weeks
before any real damage to airline and airport retail sales
are assessed.
Package
delivery service profits will skyrocket: Frankly, the
new restrictions have brought a sigh of relief to my lips,
as I'm tired of toting liquids around in carry-on luggage.
Water and shampoo bottles are heavy, and I always pack more
than I need. Lessening the load, however, doesn't seem to
be an option for many travelers. I've seen people with as
many as fourteen bags struggle to ticket counters. They make
me wonder if its cheaper to move a household by commercial
airline rather than to hire a transport company.
Amazingly,
these heavy-laden fliers have begun to utilize luggage delivery
firms rather than add to lines at airport security checks,
according
to CNNMoney. Luggage delivery companies offer door-to-destination
services, so customers can arrive at the airport baggage-free.
When passengers arrive at their destination, their luggage
awaits them. This beats dragging bags to package delivery
services. Additionally, the latter companies didn't report
a boost in sales from these changes despite propheteering.
Disaster
of disasters - leave the laptop at home: While carry-on
travel restrictions when this article was written affect only
international flights between America and Great Britain, you
might expect further restrictions from and between other countries
and on domestic flights as the weeks go by. Great Britain
has set the example where people cannot take laptops, mobile
phones, portable music devises, or cameras onto a plane. All
these items must be packed into checked luggage. So, if you
currently fly to England with your laptop, you'll discover
that you'll need to check that laptop on your return trip.
New rules,
therefore, call for flash drives to replace traveling laptops,
so that travelers can continue their work on a borrowed or
rented computer at their destination. Or, look for luggage
materials that can protect fragile items against a carrier's
checked luggage brutalities. Rather than look to shampoo as
an investment, you might look at packing materials such as
foam, bubble wrap, and duct tape instead (Now I'm beginning
to sound like a Homeland Security echo?).
In
the end: When my daughter and I were involved with the
London bombings last summer, we were distressed and frustrated
over how the American media portrayed that disaster. They
looked for more chaos and despair than Londoners and that
city's visitors were willing to display. Granted, that event
wasn't a happy one, but people are resilient and survivors
go on with their altered lives.
The situation
that created the new travel restrictions was different than
the London Bombings, as lives were spared. I wonder, then,
why media allow terrorists to revel in the idea that the world
has been "thrown into chaos" by a foiled plot. Passengers
continue to seem more willing to conform to changes in their
plans to protect their lives than the media want to report.
So, my
last word is to take investment suggestions offered by sensationalist
reporters with a grain of salt. Instead, look to a future
where flying will be safer than ever, and where a certain
television ad that shows a man's carry-on bag falling repeatedly
on a female passenger's head will vanish due to lack of relevance.
Until
Next Week,
Linda Goin
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