Warren Buffett’s Berkshire Hathaway Sells All of Its Airline Shares
Skift Take
Warren Buffett provided a no-confidence vote in the near-future of U.S. airlines, but elsewhere in travel private equity firms are betting billions of dollars that Expedia Group and Airbnb will emerge from the coronavirus crisis in relatively strong positions. Uncertainty reigns.
It's a pointed debate of the moment: How will travel get reshaped when the coronavirus crisis gets resolved?
Warren Buffett, chairman of Berkshire Hathaway, didn't precisely wade into the discussion about which travel sectors might have an edge, but he made it clear in his annual address to shareholders Saturday that he's not betting on airlines resembling their former selves in the next few years.
Buffett said Berkshire Hathaway has sold all of its shares in United, Delta, American and Southwest, stakes worth billions of dollars, CNBC reported.
“The world has changed for the airlines," Buffett said, according to the CNBC story. "And I don’t know how it’s changed and I hope it corrects itsel
