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Warren Buffet got rid of shares in US airlines

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Warren Buffet got rid of shares in US airlines
May 04
13:00 2020

A famous investment holding Berkshire Hathaway headed by Warren Buffett, the most cited investment specialist in the world, has had a stock sale of US airlines. We are talking about the four largest players in the US airline market: Delta Air Lines Inc., Southwest Airlines Co., American Airlines Group Inc. and United Airlines Holdings Inc.

Buffett’s holding has got rid of its shares at a loss. Berkshire Hathaway bought shares of four airlines four years ago.

It is known that at the end of last year, Mr.Buffett owned a stake of:

  • 9% in United Airlines;
  • 10% in American Airlines;
  • 10% in Southwest Airlines;
  • 11% in Delta Air Lines.

Warren Buffett has admitted that investing in US airlines was a very costly mistake. The billionaire has noted that the prospects for this sector remain uncertain, since no one can predict the number of flights over the next few years.

By the way, about a month ago, the holding sold about 18% of Delta Air Lines and 4% of Southwest Airlines.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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