Airline thesis

Last November, Warren Buffett's Berkshire Hathaway bought stakes in American, United and Delta in a big reversal for the value investing legend, who like most investors had sworn off the sector for decades. The stocks are still higher since that Buffett investment, but his profit is being reduced quickly after Thursday's decline.

United Airlines also announced on Thursday it will offer up to $10,000 to customers who will give up their seat on an overbooked flight. The airline industry is under increased scrutiny due to the bloody confrontation earlier this month, when an airline passenger was dragged off an overbooked flight.

Airline thesis

airline thesis

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