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.
United's chief financial officer, Andrew Levy, says United will compete aggressively with Spirit in its hubs, and touted its operational reliability as a competitive advantage.
Airline entrepreneur Bill Franke nurtured American Airlines' management team, transformed Spirit and Frontier, now oversees Frontier and Wizz Air and is starting an airline in Chile. It beats retirement.