Buffett Doesn’t Regret Selling Airline Stocks Last Year — And He Still Doesn’t Want To Invest In Them

that Berkshire Hathaway had sold its multibillion-dollar stakes in the four major U.S. airlines, but all four companies’ share prices have rebounded strongly — Delta is up 168% since its low last spring, American is up 163% and United is up 199%.

Despite this trend, Buffett argued Saturday the future of air travel is still uncertain because of the coronavirus, especially international and business travel, telling investors in a live-streamed address he “still wouldn’t want to buy the airline business.” Buffett also suggested Congress would have been less likely to approve the billions in aid it’s provided for airlines if a prominent investor like Berkshire Hathaway had maintained a large position in airline shares: “I can just see the headlines now,” Buffett said.Berkshire Hathaway once owned 9% to 11% stakes in American, Delta, United and Southwest Airlines.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Buffett Doesn’t Regret Selling Airline Stocks Last Year — And He Still Doesn’t Want To Invest In ThemBuffett argued the federal government probably wouldn’t have bailed out airlines if Berkshire Hathaway still owned a substantial stake. I owe you an apology to ever doubt your sincerity and professionalism. It’s was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life. MALYAROVALARA_
Source: Forbes - 🏆 394. / 53 Read more »