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The famed investor's conglomerate sold $314 million worth of the airline's stock last week.
Warren Buffett’s Berkshire Hathaway sold nearly $390 million worth of Delta and Southwest shares this week
The famed investor made the disposals after taking a $5 billion hit on airline stocks in the first quarter.
‘The Big Short again’: A hedge fund boss and Warren Buffett disciple posted a 40% gain during the market meltdown
"The crash was coming with or without the coronavirus pandemic."
Shares in American, Delta, United, and Southwest plunged by an average of 52% as coronavirus hammered demand.
The billionaire investor is reportedly eyeing distressed travel, lodging, and entertainment businesses.
Warren Buffett’s Berkshire Hathaway has the cash to buy Tesla, Starbucks, or McDonald’s after the coronavirus sell-off
The conglomerate's $125 billion cash pile is worth more than the entire market cap of Boeing, PayPal, or IBM.
5 reasons Warren Buffett loves stock buybacks, which US lawmakers plan to ban for companies they bail out
"Disciplined repurchases are the surest way to use funds intelligently: It's hard to go wrong when you're buying dollar bills for 80 cents or less."
Billionaire Bill Ackman says he recently made a $2.5 billion bet that the US economy will bounce back quickly from coronavirus
"We think the country is getting to the right place on this issue," Ackman told Bloomberg. "I feel like the Trump administration has upped its game."
Warren Buffett’s Berkshire Hathaway may have racked up $80 billion in coronavirus losses on its 10 biggest investments
Apple, Coca-Cola, Delta, and Berkshire's other top stocks slumped by an average of 43% in just over a month.
Melinda Gates is taking walks, Warren Buffett is drinking more Coke, and Elon Musk is still going to work. Here’s how the world’s richest ...
Billionaires may have better access to coronavirus tests than ordinary Americans, but how they're social distancing doesn't look all that different.