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Buffett's Berkshire boosts American, Southwest airline bets; sheds Fox

Reuters  |  NEW YORK 

By Jonathan StempelNEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co , and shed its stake in Twenty-First Century Fox Inc .In a regulatory filing, Berkshire said that in the first quarter its American stake grew 8 percent to 49.3 million shares worth $2.08 billion, while its Southwest stake grew 10 percent to 47.7 million shares worth $2.57 billion.Berkshire also shed 8 percent of its holdings in Delta Air Lines Inc , ending March with 55 million shares worth $2.53 ...

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First Published: Tue, May 16 2017. 09:33 IST