RE: Spike8 Dec 2021 16:27
Warren buffet buying airlines! He's not always right but that's good news.
Air travel was strong through Thanksgiving weekend, and traffic is holding up.Airline costs have been cut and breakeven points lowered.Markets have been funding carriersβ expansion plans through Covid.Delta has cut costs by 7% per passenger-mile traveled, and profits at competitors including Southwest Airlines and American Airlines are expected to grow.