AIR - Air NZ.

[winner69]

Our man Cam worried about huge job losses and falling house prices

@CamWallace_NZ
Yes, and plenty of discretionary consumer spending, including unfortunately travel, is generated via the wealth effect driven by the residential housing market.

[Leftfield]

Warren Buffet on their recent sale of BH's entire stakes in USA airlines. See it here.

Stating the obvious IMHO, but perhaps news to many USA investors who can't see anything beyond the USA borders.

(Disc - don't hold AIR.)

[Cyclical]

Warren Buffet on their recent sale of BH's entire stakes in USA airlines. See it here.

Stating the obvious IMHO, but perhaps news to many USA investors who can't see anything beyond the USA borders.

(Disc - don't hold AIR.)

There are some quite pertinent quotes in that article, like this one:

“We made that decision in terms of the airline business. We took money out of the business basically even at a substantial loss,” Buffett said. “We will not fund a company that — where we think that it is going to chew up money in the future.”

Interestingly, Delta is only about 50% off this year's high...not that dissimilar to AIR. Haven't looked at that the others.

[STONKS_ONLY_GO_UP]

If Buffett has made an industry wide call, the Sharesies warriors will be out dumping tomorrow. Air NZ is kill confirmed.

[Marilyn Munroe]

Warren Buffet on their recent sale of BH's entire stakes in USA airlines. See it here.

Stating the obvious IMHO, but perhaps news to many USA investors who can't see anything beyond the USA borders.

The Sage of Omaha old Warren has popped the canopy and pulled the ejector seat cord on the airline industry.

I wonder if our captain of industry Robbo has the smarts to do the same with Cullen Airlines.

Boop boop de do
Marilyn

[Snow Leopard]

I told him when he was thinking of buying them:

"Warren", I said, "You will never make your money back".

But did he listen?

[samjaynz]

If Buffett has made an industry wide call, the Sharesies warriors will be out dumping tomorrow. Air NZ is kill confirmed.

Team Sharesies may find it is a lot easier to 'play Buffet' when the market is going up than when it is going down.

[peat]

i seem to recall ironically quoting when I heard Buffet getting into airlines 'coz this time its different'

[peat]

FROM 2006 just to back up my point

The airline industry is something I would not advise most people to be exposed to in any portfolio, super high beta factors, too many unpredictables, and thin margins that blow up in a nanosecond.

[dobby41]

i seem to recall ironically quoting when I heard Buffet getting into airlines 'coz this time its different'

2007 he said that airlines should have been shot at birth (actually the first flight should have been shot out of the air), 2016 they are great and I'm buying, 2020 they are dead in the water and getting rid of them.