Warren Buffett is wrong about airlines' prospects after coronavirus, Raytheon CEO says - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Warren Buffett is too negative about the prospects for air travel after the coronavirus outbreak, Raytheon Technologies CEO Gregory Hayes said at a conference on Tuesday.

"Unlike Mr. Buffett, I actually do believe that the airline industry is going to come back," Hayes said. Hayes' comments echo those of Southwest Airlines CEO Gary Kelly, who said last week that Buffett was too "pessimistic" about travel and tourism rebounding. In contrast, Boeing CEO David Calhoun warned a major US airline will "most likely" fail this year as passenger numbers won't rebound quickly.

Buffett said he has $138 billion that begs to differ.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Boeing CEO David Calhoun says US airline could fail due to coronavirus - Business InsiderBoeing CEO David Calhoun did not specify a carrier, but said that a major US airline could fail this fall due to the coronavirus pandemic. Could? British Airways They shouldn't of took all the profits out of the business for years,, own fault, zero sympathy 🤷‍♂️
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus: Businesses confused by Boris Johnson's new coronavirus rules - Business InsiderBoris Johnson's announcement of new coronavirus measures caused 'confusion' for businesses, says CBI chief dontbrexitfixit If you glance quickly at this photo it could be Trump. Shit, things are even worse than suspected. dontbrexitfixit I believe you have missed the important comment from our Prime Minister that makes his views comprehensible.
Source: BusinessInsider - 🏆 729. / 51 Read more »