Berkshire Hathaway has sold its entire stakes in the four largest U.S. airlines, chairman Warren Buffett said Saturday at the company's annual ...
"We made that decision in terms of the airline business. We took money out of the business basically even at a substantial loss," Buffett said."We will not fund a company that - where we think that it is going to chew up money in the future."
Buffett said Berkshire had invested around US$7 billion or US$8 billion amassing stakes in the four airlines including American Airlines Group.
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