Warren Buffett Bets $9 Billion On Travel
by Cheryl Rosen
Warren Buffett Bets $9 Billion On Travel

Buffet in 2013. Photo: Fortune Live Media


Think the travel business is looking strong for 2017? So apparently does Warren Buffett.  

Pooh-poohing fears of travel bans and Mexican walls, Buffett’s Berkshire Hathaway fund bet big—$9 billion big—on airline stocks in the last quarter of 2016, it revealed in its 13F-form filed yesterday.  

Berkshire increased its holdings in American (NASDAQ:AAL), Delta (NYSE:DAL) and United (NYSE:UAL), and invested for the first time in Southwest (NYSE:LUV)—for a whopping total investment of about $9.4 billion in the four major airlines. That’s about 6.5% of Berkshire’s total portfolio. 

Buffett’s fund now controls 8.8% of American, 9.1% of United, 8.2% of Delta, and 7% of Southwest Airlines, according to SeekingAlpha.com http://seekingalpha.com/article/4046111-tracking-warren-buffetts-berkshire-hathaway-portfolio-q4-2016-update. 

Known as the Oracle of Omaha for his Midwestern, down-to-earth and highly successful approach to picking stocks, Buffett saw his Berkshire Hathaway fund’s stock holdings increase almost 15%, from $129 billion to $148 billion, in Q4 2016. This month that pushed him to become the-second wealthiest person in the world, with a total net worth?of $73.9 billion, Wikipedia reported.

  4
  0
Tip of the Day
Daily Top List

Best Cruise Ship Suites

1. Royal Loft Suite - Royal Caribbean

2. Balmoral and Sandringham Duplexes - Cunard 

3. Haven 3-Bedroom Garden Villas - Norwegian Cruise Line

4. Regent Suite - Regent Seven Seas Cruises   

Source: Cruise Critic

TMR Recommendations
Top Stories
Three Tips For Working With An Onsite Wedding Planner
Three Tips For Working With An Onsite Wedding Planner

Advice for travel agents looking to deliver memorable destination weddings.

Travel Agents Search For Great Partners
Travel Agents Search For Great Partners

What makes a great supplier partner? A willingness to go to bat for travel agents and their clients is key, but what else do agents want? Take a look.

In One Busy Week, Uniworld’s Ellen Bettridge Launches A New Ship And A New Product
In One Busy Week, Uniworld’s Ellen Bettridge Launches A New Ship And A New Product

Just back from launching the Joie de Vivre and U by Uniworld, Bettridge dishes on the details – and asks travel agents to share in the fun of selling two unique new products.

Social Media Flip-Flop: Travel Agents Follow Their Clients Rather Than Vice Versa
Social Media Flip-Flop: Travel Agents Follow Their Clients Rather Than Vice Versa

Checking your clients’ Facebook page can offer insights into how the trip is going and what to do better next time.

Wall Street Pays Little Attention To United Airlines Brouhaha
Wall Street Pays Little Attention To United Airlines Brouhaha

Wall Street suggests it will all blow over -- and travel agents agree.

USTA’s Roger Dow Calls On Pres. Trump To Protect The Travel Industry
USTA’s Roger Dow Calls On Pres. Trump To Protect The Travel Industry

In a speech in Philadelphia and an editorial in CNN, Dow says we need to better emphasize that the U.S. is open to international visitors.

News Briefs
Advertiser's Voice
Advertiser's Voice: Melia Pro