Warren Buffet Sends the Airline Industry into a Tailspin!

Everyone knows the man, Warren Buffet, as one of arguably the greatest investors of all time. Over this past weekend he announced that he pulled all his money out of any stocks that had something to do with the airline industry such as Boeing (BA), United Airlines (UAL), Delta Airlines (DAL), among others. Upon the opening of the market the airline industry wasted no time in seeing immediate drops Monday morning (5/4/20). Buffet was right once again, nothing has been going right for the industry as U.S. air travel was down a whopping 95% over the month of April. Put options for these industries into a May 8th close seem like they could be a very good idea as the week moves on.

– Darnel Shillingford

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