‘My Mistake’: Warren Buffett’s Berkshire sells entire stakes in U.S airlines

Article Link: https://torontosun.com/business/money-news/my-mistake-warren-buffetts-berkshire-sells-entire-stakes-in-u-s-airlines/wcm/9c1469b0-1b93-4b1f-96c7-9a4a8f490e17

Discussion posted by: IRWeasel

Berkshire Hathaway Inc sold its entire stakes in the four largest U.S. airlines in April, chairman Warren Buffett said Saturday at the company’s annual meeting, saying “the world has changed” for the aviation industry. The conglomerate had held sizeable positions in the airlines, including an 11% stake in Delta Air Lines, 10% of American Airlines Co, 10% of Southwest Airlines Co and 9% of United Airlines at the end of 2019, according to its annual report and company filings.