Look at Fedex today...shipping is picking back up. UPS even posted better than expected. CAL's CEO just said the summer was better than expected and the bottom has stopped and moving north. Also, This week posting on Bloomberg is that the industry is starting to recover and no one is expecting an airline will go bankrupt this winter.
Now I know the fracs are different due to high end travelers and business travel niche which is slower than normal to recover but I think it will be good in a year or so.
The only disclaimer is that Buffet is amazing and knows business and markets better than anyone. If he is cutting jobs, then maybe my shares of Berkshire may not rebound as quick as I think.
Good luck to you guys.