Holding Warren Buffetta sold all his shares in the US airline

The holding Berkshire Hathaway, the chairman of the board of directors of which is billionaire Warren Buffet, sold all the shares of four major US airlines. This was announced on Sunday by Interfax with reference to the Bloomberg agency.

We are talking about Delta Air Lines Inc., Southwest Airlines Co., American Airlines Group Inc. and United Airlines Holdings Inc.

Buffett admitted that he made a mistake and lost money on investments in the airline, but emphasized that their leadership did a great job so that the business has survived during the crisis.

The investor said that the prospects for the sphere of flights are now unclear. “I don’t know if people will fly in two or three years as much as last year,” The Financial Times quotes him.

At the end of 2019, Berkshire Hathaway had 11% of Delta Air Lines, 10% of the American Airlines and Southwest Airlines, as well as 9% of United Airlines. However, in early April, it became known that the holding of the holding in Delta Air Lines decreased by 18%, and in Southwest Airlines - by 4%. Buffett acquired shares in four airlines in 2016.