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MAY 06, 2013 - TheStreet

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Buffett: Planes, Trains and Investment Pains

OMAHA (TheStreet) -- Warren Buffett of Berkshire Hathaway isn't ready to invest in airlines, even after a wave of consolidation that's led to jockeying between UnitedContinental, Delta Air Linesand the proposed merger of American Airlines and American Airlines for the title as the top carrier in the U.S. In fact, after most major airlines in the U.S. spent some part of the first century of aviation negotiating bankruptcy courts, Buffett predicts another 100 years of investment pain. "Investors have poured their money into airlines and airline manufacturers for 100 years with terrible ... Read More

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