Breakingviews: Warren Buffett, in a Switch, Warms to Airline Industry

Warren E. Buffett beats up on few industries with the regularity he reserves for American airlines.
In a 2007 investor letter, Mr. Buffett, still smarting from an errant $358 million investment in USAir two decades earlier, called the industry a “bottomless pit” for capital. He quipped that i...

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