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US Airways Group Inc (LCC), Delta Air Lines, Inc. (DAL): Why Buffett May Be Wrong About Airlines

2013-04-21 18:44:19| Airlines - Topix.net

Warren Buffett is known for having a long-held aversion to airline stocks. While he owned shares of what is now US Airways Group Inc back in the 1990s, Buffett famously blamed this investment on "temporary insanity." Buffett has on numerous occasions stated that airlines have all the hallmarks of a terrible business: "one that grows rapidly, ... (more)

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