American Airlines Group Inc (AAL)

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Buffett’s Airline Exposure Trimmed
According to the 13-F filing by Warren Buffett’s Berkshire Hathaway in the second quarter, the company reduced its stakes in three major U.S. carriers.

Reportedly, the Omaha, NE-based company reduced its stakes in Delta, American Airlines and United Continental Holdings Inc. UAL by 4.6%, 3.5% and 2.6%, respectively, on a sequential basis.

Moreover, the Oracle of Omaha’s investment in low-cost carrier Southwest Airlines Co. reportedly remained unchanged.

In fact, Buffett is one of the most revered investors of all times and his decision to trim investments in three airline heavyweights also points at the fact that all is not well with this key sector.