Berkshire Hathaway sold its entire stakes in the four largest US airlines in April, chairman Warren Buffett said on Saturday at the company's annual meeting, saying the world has changed for the aviation industry.
A surprise US$1.9 billion investment by Delta Air Lines in LATAM Airlines Group is likely to fire up competition in South America as the weakest U.S. carrier in the region joins up with the strongest homegrown player.
Delta Air Lines said on Thursday it would buy a 20% stake in LATAM Airlines Group for US$1.9 billion, creating a major new airline partnership and ending the Chilean carrier's ties with American Airlines.