Buffet has sold out of all his positions in the US Airlines, as announced at the Berkshire Hathaway meeting today.  Whether you are bullish or bearish, no doubting this will make refinancing debt harder for airlines, not easier...

 

“The airline business has the problem that if the business comes back 70% or 80%, the aircraft don't disappear. So you've got -  you've got too many planes....I just made a mistake" - Warren Buffet May 2,2020