Warren Buffett’s Berkshire Hathaway loses more than $3 billion as coronavirus hammers airline stocks

Warren Buffett’s Berkshire Hathaway loses more than $3 billion as coronavirus hammers airline stocks

Warren Buffett's Berkshire Hathaway suffered another blow this week after President Donald Trump announced restrictions on European travel to the US in response to the coronavirus threat, sending airline stocks into a tailspin .. The famed investor's conglomerate counts Delta Air Lines , Southwest Airlines, United Airlines , and American Airlines among its 25 biggest holdings, and the quartet made up about 4% of its portfolio at the end of December.. The value of Berkshire's holdings has dropped by around 30% to about $7 billion.. Berkshire also plowed another $45 million into Delta stock last month after it plunged 20% due to coronavirus..