Apr
02
Wall Street Thinks Buffett Is Late to the Airline Party
By-
United move stokes fear that revenue rally will be derailed
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U.S. carriers’ 2017 seat growth poised to outpace economy
Traders are having second thoughts about U.S. airlines, less than five months after billionaire investor Warren Buffett disclosed major stakes in the biggest carriers.
Airline stocks are headed for the worst month since June, as United Continental Holdings Inc. said March 15 that it would add more flights and seats than originally planned. The surprise move fueled concern that a seat glut would prevent carriers from reversing a two-year slump in fares…
Wall Street Thinks Buffett Is Late to the Airline Party
