Warren Buffett sells off shares in US airlines

Warren Buffett sells off shares in US airlines
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A screenshot of Warren Buffett speaking at the shareholders' meeting

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Reuters

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Warren Buffett made the announcement at the firm’s virtual annual shareholders’ meeting

Billionaire investor Warren Buffett says his company Berkshire Hathaway has sold all of its shares in the four largest US airlines.

Speaking at the annual shareholders’ meeting, Mr Buffett said “the world has changed” because of the coronavirus.

He then said he had been wrong to invest in the airline industry.

Mr Buffett’s comments came just hours after Berkshire…



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