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Reuters
Warren Buffett made the announcement at the firm’s virtual annual shareholders’ meeting.
Billionaire financier Warren Buffett states his company Berkshire Hathaway has offered all of its shares in the four biggest United States airlines.
Speaking at the yearly investors’ meeting, Mr Buffett said “the world has altered” due to the fact that of the coronavirus.
He then said he had actually been wrong to buy the airline market.
Mr Buffett’s comments came simply hours after Berkshire Hathaway revealed a record $50 bn (₤40 bn) net very first quarter loss, Reuters news firm reports.
The corporation had an 11%stake in Delta Air Lines, 10%of American Airlines, 10%of Southwest Airlines, and 9%of