Warren Buffett sold airlines


Warren Buffett's investment flagship, Berkshire Hathaway, sold off the shares of the four major US airlines held in the last quarter, with a cumulative loss of between US$ 7 billion and US$ 8 billion. Warren made it clear at the annual shareholder meeting that the world has changed the development of the aviation industry, and frankly said that the future of the aviation industry is not too clear.

Do you agree the following points affect the airline business:

* Wear a mask become a new normal inlight and not comfort for the long-haul passenger.

* Increase social distance..how the seating plan

* Inflight meals are no longer mandatory like budget airlines.

This move also compresses the profitability of airlines. The gap between traditional airlines and low-cost airlines has also become smaller, which is definitely unfavorable. It has always been a profit-making strategy that has always used a large number of economic seats to share the flight costs of first-class and business seats

Issued on 17 May 20

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