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Berkshire investment validates airline sector's shift

Company reveals stakes this week in American Airlines, Delta Air Lines, United Continental Holdings and Southwest Airlines

Mr Buffett used to be a sceptic; he called the airline industry a "death trap for investors" according to a 2013 interview with


US airlines have had trouble this year convincing investors that they're leaving their boom-and-bust cycle behind. Now, the industry has won over one of its biggest sceptics.

Berkshire Hathaway Inc's investment in the four biggest carriers ended years in which billionaire...

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