Warren BuffettPaul Morigi/Getty Images for Fortune/Time Inc

Warren Buffett’s Berkshire Hathaway sold the “big four” airline stocks in April, the famed investor revealed at Berkshire Hathaway’s annual meeting on Saturday.
“It turned out I was wrong,” Buffett said about his decision to invest in American, Delta, United, and Southwest.
Berkshire’s first-quarter earnings revealed that it sold $6.1 billion in stock in April, and Buffett attributed that figure to its exit from the airlines.
Buffett said that carriers could be left with “too many planes” if people fly less than they did before, and they would have to repay some of their recent government loans.
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Warren Buffett’s Berkshire Hathaway exited its positions in the “big four” airlines in April, the famed investor revealed at Berkshire Hathaway’s annual meeting on Saturday.

“It turned out I was wrong,” Buffett said about his decision to invest in American, Delta, United, and Southwest. “Our airline position was a mistake.”See the rest of the story at Business Insider

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