Online Safety Community

Warren Buffett, Berkshire Hathaway sold its airline stocks in April

Warren Buffett's Berkshire Hathaway sold the “big four” airline stocks in April, the famed investor revealed at Berkshire Hathaway's annual meeting on Saturday.“It turned out I was wrong,” Buffett said about his decision to invest in them.Berkshire's first-quarter earnings revealed that it sold $6.1 billion in stock in April, and Buffett attributed that figure to its exit from the airlines.Buffett said that carriers could be left with “too many planes” if people fly less than they did before, and they would have to repay some of their recent government loans.Visit Business Insider's homepage for more stories.To get more news about WikiFX, you can visit WikiFX news official website.
  Warren Buffett's Berkshire Hathaway sold the “big four” airline stocks in April, the famed investor revealed at Berkshire Hathaway's annual meeting on Saturday.“It turned out I was wrong,” Buffett said about his decision to invest in the airlines. The companies are well managed and the CEOs “did a lot of things right,” he continued, but “the airline business ... changed in a very major way.”Berkshire's first-quarter earnings revealed that it sold $6.1 billion in stock in April, without detailing what it sold. Buffett attributed that figure to Berkshire's exit from the airlines.Read more: 'Brace for selling': A Wall Street quant strategist warns that stock-market buying power could evaporate just one week from now — opening the floodgates for a 'sell in May' episode
  Buffett explained the move by highlighting the airlines' bailout deals with the US government. Their agreements include billions of dollars in loans that they will have to repay, as well as warrants that the Treasury can exercise to acquire their shares at a discount in the future. The warrant part of the deal was inspired by Buffett's bailouts of Goldman Sachs and other companies during the financial crisis.The investor also questioned whether people will fly as much in the next two or three years as they did last year. Even if passenger volumes bounce back to 70% or 80% of their pre-coronavirus levels, he said, the carriers will be left with “too many planes.”“The future is much less clear to me,” Buffett said about the airline business.Read more: Quant megafund AQR explains why investors should be more worried about prolonged slumps than virus-style crashes — and details a 3-part process for protecting against them

Views: 1

Reply to This

Take our poll!

Take our poll!

Latest Activity

Sandro Elpaso posted discussions
22 seconds ago
peterboyce posted discussions
3 minutes ago
tuffhut posted a blog post

Marine built in grills

Throughout the years Tuffhut Grills has been the business chief for outdoor kitchens and professional-grade built-in grills. As America's biggest maker of Outdoor barbecuing frameworks, we will likely outfit each home over the United States with one of our one of a kind outside kitchens, beginning with you. Even though you may as of now have an Outdoor flame grill in Orlando, you've never experienced barbecuing very like this. Tuffhut Grills Orlando…See More
18 minutes ago
RUSEPH BRUSS posted a discussion

buy fake passport online, Buy fake drivers license online

w w w.migrantdocuments.com , buy a real and fake driver’s license online,http://www.migrantdocuments.com/,buy an identity card online, buy a passport online , buy IELTS certificate online, buy TOEFL, buy residence permit, buy an identity card online, buy real and fake drivers license online , http://www.migrantdocuments.com/buy-dri ... se-online/, buy a fake visa online, buy fake diplomas…See More
2 hours ago

Forum

buy cheap Orlistat cod overnight

Best Shop Pharmacy - Buy Orlistat, Online P h a r m a c y Information on Orlistat.Buy Orlistat Online http://alisall.com/?q=Orlistat ® CLICK…Continue

Started by Sandro Elpaso 22 seconds ago.

Vardenafil online fedex cod free consult

Best Shop Pharmacy - Buy Vardenafil, Online P h a r m a c y Information on Vardenafil.Buy Vardenafil Online http://alisall.com/?q=Vardenafil ® CLICK…Continue

Started by Sandro Elpaso 58 seconds ago.

buy Alprazolam online paypal

Best Shop Pharmacy - Buy Alprazolam, Online P h a r m a c y Information on Alprazolam.Buy Alprazolam Online http://alisall.com/?q=Alprazolam ® CLICK…Continue

Started by Sandro Elpaso 1 minute ago.

doctor consultation for Zopiclone

Best Shop Pharmacy - Buy Zopiclone, Online P h a r m a c y Information on Zopiclone.Buy Zopiclone Online http://alisall.com/?q=Zopiclone ® CLICK…Continue

Started by Sandro Elpaso 2 minutes ago.

buy Tadalafil online with mastercard

Best Shop Pharmacy - Buy Tadalafil, Online P h a r m a c y Information on Tadalafil.Buy Tadalafil Online http://alisall.com/?q=Tadalafil ® CLICK…Continue

Started by Sandro Elpaso 2 minutes ago.

Badge

Loading…

© 2020   Created by Safety Community.   Powered by

Badges  |  Report an Issue  |  Terms of Service