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In the United States, airline declines are recorded on the stock market on the first day of the week. Shares of Delta, American Airlines, Southwest and United, the top 4 US airlines. In the US, they experienced steep drops in the opening immediately. As of 15.15 TSI, American Airlines shares fell 11.4 percent, Delta Airlines 6.9 percent, Southwest Airlines 6.5 percent, and United Airlines 10.1 percent.
49.7 MILLION DOLLAR LOSSES
Due to the coronavirus epidemic already, there were significant losses in the actions of these companies in 2020, as the airline was waiting for airways around the world. The final blow to these companies came from world-renowned investor Warren Buffett. Buffett’s giant investment firm Berkshire Hathaway announced that it had lost $ 49.7 billion in the first quarter of the year.
The company also announced that it is out of the shares of the airlines. This announcement also served as a “sell” signal for other investors.
With this latest decline, the 2020 decline in US stocks reached 62.9 percent, 58.7 percent in Delta, 45.9 percent in the Southwest and 69.7 percent in States.
