Berkshire Hathaway Makes Big Bet On U.S. Mainline Carriers

Credit: American 737-300: American Airlines
NetJets and FlightSafety International owner Berkshire Hathaway have reversed course and made a $1.3 billion investment in three U.S. airlines, not including an undisclosed investment in a fourth, regulatory documents show. The investment is a stunning change of direction for Warren Buffett, the...

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