‘Nothing attractive’: Warren Buffett’s Berkshire sells ALL stakes in US airlines, reports $50bn Q1 loss amid Covid-19 shutdown

With Berkshire Hathaway

With Berkshire Hathaway Inc reporting a record quarterly loss of nearly $50bn amid the economic fallout from the Covid-19 pandemic, Warren Buffett remains optimistic that in the long run, “nothing can stop America.”

Speaking at an annual meeting in Omaha, Nebraska, which for the first time was livestreamed and held without shareholders, the 89-year-old billionaire tried to reassure everyone by recalling the hardships of the past that the US successfully survived.

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