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   Warren Buffett (90), founder and major shareholder in investment fund   
   Berkshire Hathaway, has fully disposed of his stake in Delta Air Lines,   
   Southwest Airlines, American Airlines and United Airlines. According to the   
   American, the future of the industry is not predictable enough.   
       
   At his annual shareholder meeting, which was streamed live this year, Buffett   
   said the airline industry has fundamentally changed as a result of the corona   
   virus. Buffet indicates that airline executives have done a good job of   
   raising money to weather the crisis.   
       
   "The world has changed for airlines and I wish them the best," said Buffett on   
   Saturday. Buffet has lost a lot on its investment in the airlines and takes   
   the blame for this.   
       
   Berkshire owned 11 percent of Delta Air Lines, 10 percent of American   
   Airlines, approximately 10 percent of Southwest Airlines and 9 percent of   
   United Airlines. Berkshire sold the interests in April for 6.5 billion US   
   dollars (5.86 billion euros). According to Bloomberg news agency, the value of   
   his stake was nearly $ 10 billion at the end of 2019.   
       
   The aviation industry revelation was one of the most important during the   
   annual update.   
       
   Buffett said he didn't know how consumers' travel habits will change after the   
   pandemic disappears, but any reduction in travel would saddle airlines with   
   higher-than-necessary fixed costs. The question is also whether aircraft   
   builders such as Boeing will build new aircraft for the time being.   
      
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