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Buffett says airlines are now a good investment

For decades, the investor said airlines were a good way to lose money.

Warren Buffett has invested heavily in American Airlines, Delta and United. He even bought some Southwest shares.
Warren Buffett has invested heavily in American Airlines, Delta and United. He even bought some Southwest shares.
SAUL LOEB/AFP/Getty Images

Warren Buffett has said for years that airlines were a lousy investment. Until he decided they weren’t. Buffett’s Berkshire Hathaway disclosed big investments in the major airlines yesterday — 21.8 million shares of American, 6.3 million of Delta and 4.5 million of United. He said he also bought some Southwest stock for good measure. Warren Buffett is a billionaire who invests for the long term. What does his new high hopes for airlines mean for their customers?

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