Buffett says no thanks to outright ownership of Southwest or other airline
Billionaire Warren Buffett isn’t talking like a man who wants to buy Southwest Airlines or any air carrier outright, despite analyst speculation to the contrary last week. Buffett said Monday that it’s unlikely that Berkshire Hathaway will raise its stakes in American Airlines, Southwest Airlines, Delta, United or any other carrier above 10%. Buffett’s Berkshire fund bought more than US$9b of airline stocks because he believes that consolidation and other industry changes have allowed airlines to operate more efficiently than they used to. Last week, Morgan Stanley analysts and others speculated that Berkshire Hathaway’s purchase of a massive stake in the 4 largest US airlines could be the first step in a takeover of one of them. The analysts went on to name Southwest as a leading candidate for a buyout. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-02-28/unaligned/buffett-says-no-thanks-to-outright-ownership-of-southwest-or-other-airline
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Buffett says no thanks to outright ownership of Southwest or other airline
Billionaire Warren Buffett isn’t talking like a man who wants to buy Southwest Airlines or any air carrier outright, despite analyst speculation to the contrary last week. Buffett said Monday that it’s unlikely that Berkshire Hathaway will raise its stakes in American Airlines, Southwest Airlines, Delta, United or any other carrier above 10%. Buffett’s Berkshire fund bought more than US$9b of airline stocks because he believes that consolidation and other industry changes have allowed airlines to operate more efficiently than they used to. Last week, Morgan Stanley analysts and others speculated that Berkshire Hathaway’s purchase of a massive stake in the 4 largest US airlines could be the first step in a takeover of one of them. The analysts went on to name Southwest as a leading candidate for a buyout. <br/>
