We have known Warren to always get things right and this time he looks even more on the right track. A lot of airline companies are not making money and they still have to hedge the falling price of oil as it has to do with their business. Richard Branson has asked the Uk government for a 500 Million Pounds bailout and he is even putting his private island as a collateral for anyone willing to lend him money. Also, he sold his shares at Virgin Galactic so he can save Virgin Atlantic.
The price of oil will be falling and will take a lot of time to normalize and this will also affect the aviation industry after the pandemic.
RE: Buffett Ain't Sweating One Bit