Anonymous ID: dd81be April 3, 2020, 3:30 p.m. No.8676421   🗄️.is 🔗kun   >>6633 >>6709

Berkshire Hathaway Inc. Airline Equity Sales Southwest and Delta: $388.52m-Apr 1-2

 

Delta Airlines sold by Berkshire Hathaway, INC: $314.18m-Apr 1-2

 

Warren Buffett's Berkshire Hathaway sells some stake in Delta Air Lines

 

Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold some of its stake in Delta Air Lines Inc . Berkshire is among the largest investors in the carrier. It is also among the largest shareholders in American Airlines Group Inc , Southwest Airlines Co and United Airlines Holdings Inc .

 

https://money.usnews.com/investing/news/articles/2020-04-03/warren-buffetts-berkshire-hathaway-sells-some-stake-in-delta-air-lines

 

Delta Air Lines : Projects 90% Revenue Drop in 2Q, 'We Know We Still Haven't Seen the Bottom'

Delta Air Lines Inc. is preparing for a 90% projected revenue drop in the second quarter, following a quarter "unlike any in Delta's history," Chief Executive Ed Bastian said Friday in a memo to company workers. Delta, which Friday applied for government aid to help stem the losses from the coronavirus pandemic, is burning through more than $60 million a day and "we know we still haven't seen the bottom," Mr. Bastian said. Some 115,000 flights have been cancelled, cutting the company's schedule by more than 80%, he said. "But the reality is we simply don't know how long it will take before the virus is contained and customers are ready to fly again."

https://www.marketscreener.com/DELTA-AIR-LINES-INC-49285/news/Delta-Air-Lines-Projects-90-Revenue-Drop-in-2Q-We-Know-We-Still-Haven-t-Seen-the-Bottom-30304970/

 

Southwest Airlines Co.sold by Berkshire Hathaway, INC: $74.34m-Apr 1-2

 

from April 2

Flight Attendant Unions Urge Government Not to Seek Airline Ownership Stakes

 

Flight attendant leaders from three unions are urging the Trump administration not to seek ownership stakes in airlines in return for grants, approved by Congress, that would pay airline employee wages through Sept. 30. The concept of compensation for the grants “puts the ‘worker first’ bill in jeopardy,” said Sara Nelson, president of the Association of Flight Attendants, which represents 50,000 flight attendants at various airlines. She said in a letter, “If you add financial restrictions, it is no longer a grant.” The grants were part of the $2 trillion economic relief package that Congress passed last week. The package included grants of $25 billion for passenger airlines to pay workers, as well as $25 billion in loans and loan guarantees for the carriers. A provision in the bill would enable Secretary of the Treasury Steve Mnuchin “to take ownership stakes in the airlines in exchange for any funds that keep workers on payroll.” The three unions represent 100,000 flight attendants.

https://www.businesstravelexecutive.com/news/?permalink=flight-attendant-unions-urge-government-not-to-seek-airline-ownership-stakes

 

https://www.finviz.com/insidertrading.ashx?oc=1067983&tc=7&b=2