(FILES) In this file photo taken on May 9, 2019 an American Airlines passenger jet approaches Ronald Reagan Washington National Airport, in Arlington, Virginia. - Wall Street stocks tumbled in early trading May 4, 2020, with airline shares taking a major hit after Warren Buffett said he liquidated his holdings in major US carriers. About 15 minutes into trading, the Dow Jones Industrial Average stood at 23,383.10, down 1.4 percent.The broad-based S&P 500 dropped 1.0 percent to 2,801.24, while the tech-rich Nasdaq Composite Index shed 0.6 percent to 8,558.01. (Photo by Brendan Smialowski / AFP) (AFP)
4 min read . 10:53 AM IST
Bloomberg
Even after the coronavirus abates, air travel will be scarred permanently. No wonder the investor Warren Buffett is giving up on his bet on US airlines