Message on April 4th，Warren Buffett’s Berkshire Hathaway said on Friday，Has sold approximately 18% of its shares in Delta Air Lines and 4% of its shares in Southwest 188bet online sports betting this week，The coronavirus pandemic has pushed the aviation industry into perhaps its biggest crisis ever。Inspired by the news，Delta 188bet online sports betting stock price fell 11% after hours。

188bet online sports betting said in an interview in mid-March，Despite the market sell-off，But he “won’t sell airline stock”。

But according to documents submitted to regulators，Berkshire is about 3.Sold nearly 13 million shares of Delta Air Lines for .4 billion (sale price at 24.around )，And sold approximately 2.3 million shares of Southwest 188bet online sports betting for approximately million。

File display，The sale took place on Wednesday and Thursday。According to Refinitiv data，Berkshire previously held approximately 11% of Delta Air Lines.1% of shares，Southwest 188bet online sports betting about 10.4% shares。Buffett started buying airline stocks in the third quarter of 2016，Delta 188bet online sports betting’ stock price averaged around at that time，Then it went higher，Buffett continued to increase his holdings during this period。Berkshire is one of the four largest 188bet online sports betting in the United States - Delta Air Lines、Southwest 188bet online sports betting、One of the largest shareholders of American 188bet online sports betting Group and United 188bet online sports betting Holdings。

I bought the bottom one month ago and now I am decisively cuttingmeat”

Go back more than a month，According to SEC filings，February 27，When the market begins to panic and fall，Berkshire once averaged 46.Bought 97 for .60,000 shares of Delta 188bet online sports betting，If this investment is calculated at an average selling price of ，The stock god lost 48%。

Delta 188bet online sports betting: Revenue is expected to drop by 90%

Delta 188bet online sports betting estimated on Friday，Revenue will plummet 90% in the next three months。

The company’s CEO Ed Bastian said on the 3rd，“Delta 188bet online sports betting ‘burns’ more than million every day，And this situation is still unclear。”Delta 188bet online sports betting has canceled April 11.50,000 flights，i.e. at least 80% of flights。“We don’t know how long it will take to get the epidemic under control，People are starting to fly again。” Bastian confirmed，According to the trillion economic relief bill passed last month，Delta 188bet online sports betting has submitted a request for US billion in aid。

“Falled” more than once

Actually，As early as 1989, Buffett had heavily invested in US Airways (the company was officially merged into American 188bet online sports betting in 2015，Become the largest airline in the United States and the world)，Cost 3.US0 million in US Airways preferred shares。Buffett just entered the market，The company’s stock began to fall，By 1995，The net value of this investment has dropped to .5 million，Loss 75%。

But fortunately, Buffett ended up with 2.The investment was sold with a profit of US0 million，But he was still worried about the aviation industry until 2007: "Don't touch those industries that are expanding rapidly，The growth of these industries is based on large capital needs。During rapid expansion，These companies simply cannot generate revenue。188bet online sports betting are typical representatives。Such companies have never established a lasting competitive advantage from beginning to end。”

*Source of this article: Financial Associated Press, original title:《188bet online sports betting sold airline stocks, "hunted for the bottom" and lost 50% of his investment》。