Airlines Economic Characteristics

Airlines Economic Characteristics

The airlines industry expects fewer flights and slumping demand. The $50 billion bailout provides temporary support. Berkshire Hathaway sells US airline shares. Divests substantial interests amounting to around 11% stake in Delta Air Lines, 10% of American Airlines, 10% of Southwest Airlines, and 9% of United Airlines.  Airlines to take major hit from corona crisis. Substantial decrease in fares charged to transport passengers, mail and cargo, sale of in-flight services, alcoholic beverages, and frequent flyer miles.