Typo of $40 Billion for
$US4 BILLION or so loss.
But what is a mere few BILLION to a Bulletin Board target audience?
Investing in any Airline is insanity.
ONE crash or incident can near destroy consumer confidence.
Many national carriers are there simply as Governments has tossed endless Billions into the black hole to save face, in the past 5 or 10 years.
Thai, Malaysian, Alitalia, Ethiopian, SAA etc, etc.
''The famed investor's Buffett company previously owned between 8% and 11% of American Airlines, Delta Air Lines, Southwest Airlines, and United Airlines. Berkshire spent a total of $7 billion to $8 billion in building those stakes, which were worth over $10 billion at the end of 2019, SEC filings show.
However, shares in the four airline stocks plunged with the broader market when pandemic fears peaked last spring. Buffett and his team dumped their stakes in April, likely netting about $4.5 billion based on the quartet's average trading prices that month.''