What will Buffet buy?
#41
Gets Weekends Off
Joined APC: Aug 2015
Position: Captain
Posts: 1,550
#42
Don't say Guppy
Joined APC: Dec 2010
Position: Guppy driver
Posts: 1,926
I was surprised when he bought the stock, frankly. He bought most of it late in an economic cycle, in an industry where the magnitude of the cycle is 3-5 times the underlying economy. He also bought DAL, which like AAL and UAL, spent the vast majority of their free cash flow on stock buybacks, which he publicly derides companies for doing.
Dumbest thing I have ever seen him do. Maybe the only dumb thing.
If this shutdown lasts much longer, it will take 18-24 months for air travel to recover. Air travel never bounces right back. 1/3 of the population won't have money to travel, and another 20% (retirees) won't want to get on an airplane until they get vaccinated.
Dumbest thing I have ever seen him do. Maybe the only dumb thing.
If this shutdown lasts much longer, it will take 18-24 months for air travel to recover. Air travel never bounces right back. 1/3 of the population won't have money to travel, and another 20% (retirees) won't want to get on an airplane until they get vaccinated.
#44
Gets Weekends Off
Joined APC: Dec 2011
Position: A320 FO
Posts: 843
I was surprised when he bought the stock, frankly. He bought most of it late in an economic cycle, in an industry where the magnitude of the cycle is 3-5 times the underlying economy. He also bought DAL, which like AAL and UAL, spent the vast majority of their free cash flow on stock buybacks, which he publicly derides companies for doing.
Dumbest thing I have ever seen him do. Maybe the only dumb thing.
If this shutdown lasts much longer, it will take 18-24 months for air travel to recover. Air travel never bounces right back. 1/3 of the population won't have money to travel, and another 20% (retirees) won't want to get on an airplane until they get vaccinated.
Dumbest thing I have ever seen him do. Maybe the only dumb thing.
If this shutdown lasts much longer, it will take 18-24 months for air travel to recover. Air travel never bounces right back. 1/3 of the population won't have money to travel, and another 20% (retirees) won't want to get on an airplane until they get vaccinated.
#45
Gets Weekends Off
Joined APC: Jul 2017
Posts: 1,729
“
Warren Buffett’s Berkshire Hathaway sells part of Delta, Southwest airline stakes
KEY POINTS- According to regulatory filings, Berkshire sold nearly 13 million Delta shares for about $314 million and roughly 2.3 million Southwest shares for about $74 million.
- The sales were conducted on Wednesday and Thursday, the filings show.
- Berkshire previously owned about 11.1% of Delta stock and 10.4% of Southwest stock, according to Refinitiv data. “
- No reasons for the sales were given.
#47
Gets Weekends Off
Joined APC: Dec 2017
Position: Retired NJA & AA
Posts: 1,907
I was surprised when he bought the stock, frankly. He bought most of it late in an economic cycle, in an industry where the magnitude of the cycle is 3-5 times the underlying economy. He also bought DAL, which like AAL and UAL, spent the vast majority of their free cash flow on stock buybacks, which he publicly derides companies for doing.
Dumbest thing I have ever seen him do. Maybe the only dumb thing.
If this shutdown lasts much longer, it will take 18-24 months for air travel to recover. Air travel never bounces right back. 1/3 of the population won't have money to travel, and another 20% (retirees) won't want to get on an airplane until they get vaccinated.
Dumbest thing I have ever seen him do. Maybe the only dumb thing.
If this shutdown lasts much longer, it will take 18-24 months for air travel to recover. Air travel never bounces right back. 1/3 of the population won't have money to travel, and another 20% (retirees) won't want to get on an airplane until they get vaccinated.
https://www.forbes.com/sites/jeremyb.../#6daf1fe8fa37
Adam Pilarski, a consultant with Avitas who has warned for years that airlines were ordering too many planes during the boom times of the last decade, expects that airline traffic won’t return to 2019 levels until 2023, a forecast in line with many other observers.
#48
Gets Weekends Off
Joined APC: Jul 2018
Posts: 145
Article from Forbes saying consensus is pax traffic not back to 2019 levels until 2023:
https://www.forbes.com/sites/jeremyb.../#6daf1fe8fa37
Adam Pilarski, a consultant with Avitas who has warned for years that airlines were ordering too many planes during the boom times of the last decade, expects that airline traffic won’t return to 2019 levels until 2023, a forecast in line with many other observers.
https://www.forbes.com/sites/jeremyb.../#6daf1fe8fa37
Adam Pilarski, a consultant with Avitas who has warned for years that airlines were ordering too many planes during the boom times of the last decade, expects that airline traffic won’t return to 2019 levels until 2023, a forecast in line with many other observers.
#49
Gets Weekends Off
Joined APC: Jul 2017
Posts: 1,729
Yes and dumping stock and locking in his losses are very telling of what his crystal ball is telling him, especially given the fact he’s probably the best person to ride this out.
#50
Maybe time to start converting the 737 Max to freighters and other hulls that may not see use for a few years that are closer to their end life. Give $ back to the pax carriers and sell’m cheap to the cargo industry. Granted, the former NWA guys are probably screaming now is the time to bring cargo back. I know nothing, just spitballing.