Warren Buffett is too 'pessimistic' about airlines' coronavirus recovery, Southwest's CEO says
"I don't think anybody knows, and certainly that's not an unreasonable view to take," he said on CNN."It's a pessimistic one. I am far more optimistic."
"Mr. Buffett's point is if the world turns out to be as pessimistic as he said, I think you're going to see a shrinkage in travel and tourism," Kelly continued."I'm not sure that I subscribe to that view, I believe that this too shall pass."Southwest is well-prepared to weather a downturn in business and international travel, Kelly said."We've got low costs, we've got a strong balance sheet, we've got plenty of cash.
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