Originally Posted by
HotDogSonicBoom
Exactly. The news cycle is showing Berkshire Hathaway has sold all their shares involved with the majors. They just lost the confidence of W. Buffet. I don’t think the small planes are as important anymore to UAL management.
I think too many people are reading into the Warren Buffet nonsense. True. Him selling his share in the airlines caused them to take it on the chin in the market today. But, Warren Buffet never really liked investing in airlines and didnt do so until 2016. Most airlines will recover from this market hit over the course of this month. The only one that should be crapping their pants is AA.
Note:
Not talking about covid fallout just the drop today from Warren Buffet.