[ad_1]
Reuters
Emoji picture
On Monday, the shares of major U.S. airlines suffered huge losses as their shares declined after investor Warren Buffett said his company had disposed of the shares it owned in four U.S. airlines.
Read more
According to the US investor, his company sold shares in “Delta Airlines”, “American Airlines”, “Southwest Airlines” and “United Airlines”.
Buffett, considered the smartest investor, believes it will take years for the aviation sector to recover and return to past rates.
After these statements, the shares of the four companies plummeted, and “United Airlines” ended the trade down by 5.11%, while “Delta Airlines” fell by 6.43%, and “Southwest Airlines” decreased by 5.71%, while “American Airlines” lost fell 7.71%.
In early trading yesterday, the Dow Jones Industrial Average fell 1.1%, while the “Nasdaq Composite” and “Standard & Poor’s 500” index declined 1% each.
Despite the decline in early trade, the indicators finished slightly higher transactions.
Source: Agencies
[ad_2]
