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BRK.B Berkshire Hathaway Inc

407.97
0.65 (0.16%)
19 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Berkshire Hathaway Inc NYSE:BRK.B NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.65 0.16% 407.97 408.50 405.28 406.97 4,006,400 01:00:00

Warren Buffett's Berkshire Hathaway Discloses New Investments in Airlines

14/11/2016 10:10pm

Dow Jones News


Berkshire Hathaway (NYSE:BRK.B)
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By Doug Cameron and Nicole Friedman 

Warren Buffett's Berkshire Hathway Inc. on Monday disclosed new stakes in three of the largest U.S. airlines.

Berkshire Hathaway said in a regulatory filing that had taken stakes in American Airlines Group Inc., Delta Air Lines Inc. and United Continental Holdings Inc., with the latter scheduled to hold its investor day on Tuesday.

Shares of airlines surged earlier this year, thanks in part to sliding oil prices, but their performance recently has been mixed. For the year, the Dow Jones U.S. Airlines index is up 0.7%.

It wasn't clear if the decision to invest in airlines came from Mr. Buffett or one of his stock-picking lieutenants.

Mr. Buffett famously derided investing in airline stocks after suffering losses from purchasing preferred stock in what was then known as USAir back in 1989.

 

(END) Dow Jones Newswires

November 14, 2016 16:55 ET (21:55 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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