Berkshire Hathaway bought more shares of American Airlines and Southwest Airlines in the 2017 first quarter. US airlines have pointed to Berkshire’s investments in the industry as evidence of its newfound strength, citing Berkshire CEO Warren Buffett’s past criticism of airlines as investment vehicles. According to a US Securities and Exchange Commission (SEC) filing, during the first quarter Berkshire raised its stake in Dallas-based Southwest by 10% to 47.7 million shares and ...

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