Investors in exchange-traded funds are brushing off billionaire Warren Buffett’s dire warnings on the airline industry.
The $580 million U.S. Global Jets ETF, ticker JETS, has seen 44 straight days of inflows totaling $632 million. The cash streak extended even after Buffett said Berkshire Hathaway Inc. has completely exited its positions in airlines, cautioning that the prospects have changed as a result of the coronavirus outbreak.
