Originally Posted by
havick206
Warren Buffet just sold off a large chunk of his Delta and Southwest shares. He’s someone that has no reason to lock in his losses unless he sees his money disappearing entirely just to put things in perspective.
Very good point. That is definitely not a vote of confidence for the state of the industry. Delta is as close to ‘investment grade’ as airlines go and their issuer credit was just downgraded to ‘junk’ by S&P Global Ratings.