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Warren Buffett's Berkshire Hathaway Discloses New Investments in Airlines

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56Chevy   Tuesday, 11/22/16 12:28:39 AM
Re: 56Chevy post# 379
Post # of 494 
Warren Buffett's Berkshire Hathaway Discloses New Investments in Airlines

Warren Buffett's Berkshire Hathway Inc. on Monday disclosed new stakes in three of the largest U.S. airlines.

Berkshire Hathaway said in a regulatory filing that had taken stakes in American Airlines Group Inc., Delta Air Lines Inc. and United Continental Holdings Inc., with the latter scheduled to hold its investor day on Tuesday.

Shares of airlines surged earlier this year, thanks in part to sliding oil prices, but their performance recently has been mixed. For the year, the Dow Jones U.S. Airlines index is up 0.7%.

It wasn't clear if the decision to invest in airlines came from Mr. Buffett or one of his stock-picking lieutenants.

Mr. Buffett famously derided investing in airline stocks after suffering losses from purchasing preferred stock in what was then known as USAir back in 1989.

http://ih.advfn.com/p.php?pid=nmona&article=72911292

*I think its safe to say WB didn't make this decision but whoever it was within BRK they're 4 years late to the party.

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Delta Air Lines, Inc (DAL)
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