(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. dumped its stakes in the four largest U.S. airlines but the billionaire investor remains deeply exposed to the collapse in air travel.Berkshire still owns all of Precision Castparts Corp., a supplier of aerospace parts that’s bracing for lean times as Boeing Co. and Airbus SE cut jetliner production. Berkshire bought Precision Castparts in 2016 in a transaction valued at $37.2 billion, making it one of Buffett’s biggest deals.Now the maker of jet-engine blades and aircraft structural components is facing a double whammy as the coronavirus pandemic all but erases demand for flights, prompting …read more
Source:: Yahoo Finance
