Warren Buffett Says Berkshire Is Reversing Course on Airlines—Again
- Berkshire exited stakes in Delta, United, American, Southwest
- ‘The world changed for airlines,’ Buffett said at his meeting
Warren Buffett speaks during the virtual Berkshire Hathaway annual shareholders meeting on May 2.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Warren Buffett is reversing course on his airlines bet -- again.
The billionaire investor said Berkshire Hathaway Inc. completely exited its stakes in the four major U.S. airlines. The sales of shares of Delta Air Lines Inc., Southwest Airlines Co., American Airlines Group Inc. and United Airlines Holdings Inc. made up most of the company’s $6.5 billion in equity sales in April.