News notes from around the interweb:
- Warren Buffett bought the dip at Delta
- Taiwan, which has pretty much kicked coronavirus butt and has very few cases compared to its neighbors, is preparing subsidies for the aviation industry calling it the epidemic’s ‘biggest victim’.
- Etihad’s losses shrink to ‘only’ $870 million
- Changes to the Hilton premium credit card resort credit basically saying the credit is for cardholders who keep the card for a year or more, and who actually use the credit for real Hilton spending.
- Troubled UK domestic airline FlyBe was taken over last year with an intention to rebrand it as Virgin Connect. However it continued to struggle and was looking for a government bailout. In the midst of coronavirus drying up bookings it’s entering receivership. Really the only asset of value is airport slots.
- The American mechanic in Miami who tried to sabotage a plane has been sentenced
- As if Cathay Pacific didn’t have enough problems they’ve been hit with a £500,000 GDPR fine
All the news that fits!
How much did Etihad lose on my 6 long haul Apartment award trips (CMN-AUH-SYD, SYD-AUH-IAD, ICN-AUH-IAD, with 3 trip to the Louvre Abu Dhabi) last year? 😉
My AmEx HH Aspire is in my second year with the Airline credit already used and the resort credit is next week 🙂
I’ll buy DAL & UAL when they are < $20.
Even better DAL dip today, $45- at the close.
I’ve been holding substantial cash now waiting for the ‘dip’, and snapping up undervalued, safe stock that pays dividends AND has a long-term incline (appreciation) chart. NEE, DAL, and ED are three that fill those criteria.
Buffett bought only $45,000,000 in DL stock.
That’s like me buying a candy bar.
It’s not even a secret that when the investment is under $1B, it’s one of Berkshire’s asset managers doing the investment, not Warren himself.
Feels like airline stocks will continue to drop. No one is booking travel beyond 30-60 months from now, if anything they’re cancelling.