Last month, Warren Buffett disclosed a $5.5 billion investment in four airlines: American, Delta, United and Southwest. Three show share price declines this year.
The famed value investor offers an ominous forecast for U.S. newspapers, predicting that only The New York Times and The Wall Street Journal are likely to survive the digital revolution.
The Oracle of Omaha has bought big stakes in four airline companies. But is this turnaround play packed with more potential?
Warren Buffet's big investment in airlines didn't include the industry's turnaround story.