With Stocks Plunging, Is Now When Warren Buffett Buys an Airline?
Warren Buffett famously said when others are fearful it's time to get greedy. The COVID-19 coronavirus has sparked a wave of selling through the airline industry, with investors terrified today's industry leaders will soon go the way of Pan Am, Braniff, or TWA.
Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) reacted in the early days of the sell-off, buying up 976,000 shares of Delta Air Lines (NYSE: DAL) in late February. But the airline stocks have fallen significantly further in the weeks since.
Could the Oracle of Omaha soon aim his legendary "elephant gun" at the airline industry and buy an airline outright? And if so, what company is the most likely to be acquired?
Source Fool.com
