Buffett also pointed to the billions of dollars in government loans taken by the carriers, which they will have to repay out of their earnings. He added that shareholders will also lose out from the the stock warrants that the airlines handed to the government, which it can"The world has changed for the airlines," Buffett said at the Berkshire meeting."The future is much less clear to me about how the business will turn out.
Early signs of passenger numbers rebounding, travel restrictions being eased, flights resuming, and carriers adapting to the pandemic may explain their renewed optimism:more than 300,000 travelers passed through its airport checkpoints last Thursday, the most traffic in two months. Moreover, average daily passengers climbed to about 265,000 last week, the highest number since late March.
Several Asian and European governments intend to loosen restrictions on overseas travelers starting in July. For example, Spain
Yeah....right. Recovered is not the word to use in this context. Where have you been BizInsider?
They haven’t recovered & fighting for their lives! Expect big layoffs & smaller fleets now & later!
Maybe thats part of his donation (to those that bought the stocks) 😬
Year to date, every single one of those airline stocks is down substantially.
The man who wanted to donate 90% of his wealth to charities, is not willing to make some losses for airlines sake! Charity my a**
He didn't count on a government bailout
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