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william
Topic Author
Posts: 3047
Joined: Thu Jun 10, 1999 1:31 pm

Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Thu Feb 28, 2019 9:08 pm

https://finance.yahoo.com/news/southwes ... 22845.html

“There has been speculation circulating that Warren Buffett might be looking to acquire an airline for some time and that Southwest might be a good fit,” the company said in a statement Thursday. “As a policy, we do not comment on speculation, but appreciate Berkshire’s continued support of Southwest Airlines.”
 
Pontius
Posts: 26
Joined: Thu Dec 07, 2017 8:19 pm

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Thu Feb 28, 2019 10:57 pm

Market Cap
30.973B

Not pocket change.
 
kalvado
Posts: 1711
Joined: Wed Mar 01, 2006 4:29 am

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Thu Feb 28, 2019 10:58 pm

Buffett decided to change his life and become a millionaire?
 
Turnhouse1
Posts: 132
Joined: Tue Jun 16, 2015 5:57 pm

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Thu Feb 28, 2019 11:02 pm

kalvado wrote:
Buffett decided to change his life and become a millionaire?


Kraft-Heinz are already doing that for him.

Southwest do fit his policy of being obvious what their business does, plus a fairly strong brand, so it could work, but do they have much fat to trim or are they already pretty efficient?
 
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Aesma
Posts: 11363
Joined: Sat Nov 14, 2009 6:14 am

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Thu Feb 28, 2019 11:06 pm

Apparently he has already put 10 billions in airlines, why go further ?
New Technology is the name we give to stuff that doesn't work yet. Douglas Adams
 
yeginleduc
Posts: 72
Joined: Tue Mar 06, 2007 12:12 pm

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Thu Feb 28, 2019 11:24 pm

Mr Buffett already owns NetJets, so why not add Southwest to it.
 
WeatherPilot
Posts: 396
Joined: Sun Jun 25, 2017 1:51 am

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Thu Feb 28, 2019 11:25 pm

"If you want to be a Millionaire, start with a billion dollars and launch an airline..." -Richard Branson
 
queb
Posts: 972
Joined: Tue Jun 01, 2010 3:10 am

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Thu Feb 28, 2019 11:33 pm

They already have 10%
 
ordbosewr
Posts: 529
Joined: Thu Jun 09, 2011 8:30 pm

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Fri Mar 01, 2019 12:04 am

Pontius wrote:
Market Cap
30.973B

Not pocket change.


Berkshire has over 100B in cash, they have plenty to pay in cash
 
Boof02671
Posts: 1285
Joined: Sun Jul 10, 2016 12:15 am

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Fri Mar 01, 2019 12:31 am

He lost $300 million in the 90s in US Air and just lost anothe $700 million last year in AA, B6, DL and WN.
 
Airlines0613
Posts: 138
Joined: Thu Jan 07, 2016 6:06 am

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Fri Mar 01, 2019 12:31 am

kalvado wrote:
Buffett decided to change his life and become a millionaire?


Not really, he’s worth $80+ Billion, he can buy the airline and still be a billionaire. Southwest could have losses for decades and he would still be a billionaire.

Plus, Buffett lives a simple life. You should check his daily car and house, they are not all that impressive compared to his portfolio and other wealthy people.
 
Airlines0613
Posts: 138
Joined: Thu Jan 07, 2016 6:06 am

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Fri Mar 01, 2019 12:35 am

Pontius wrote:
Market Cap
30.973B

Not pocket change.

Have you seen his net worth... he can sell some stocks off his portfolio and have more than half of his fortune left. Besides Berkshire Hathaway has plenty of money and assets to purchase it if they wanted to.
 
 
sunking737
Posts: 1413
Joined: Tue Feb 22, 2005 10:33 pm

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Fri Mar 01, 2019 12:47 am

Maybe he is the new investor of California Pacific Airlines??
I'm a SUNDUCK......Worked for RC & SY @ MSP
 
ctrabs0114
Posts: 783
Joined: Mon Oct 09, 2017 8:09 am

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Fri Mar 01, 2019 2:56 am

sunking737 wrote:
Maybe he is the new investor of California Pacific Airlines??


I'm guessing he's going to try and jumpstart Baltia...
2019: DAL, MCI, PHX, LAS, DFW, SAT, ORD, SLC, SEA, DTW; B73G (WN x3), B738 (WN, AA, DL), A20N (NK), MD83 (AA), B788 (AA x2), CS1 (DL), 739 (DL), 712 (DL)
Next: AA: DFW-PHL (752), PHL-MIA (763), MIA-LAX (77W), LAX-DFW (789)
 
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N328KF
Posts: 5943
Joined: Tue May 25, 2004 3:50 am

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Fri Mar 01, 2019 3:02 am

If we are talking about a full takeover, I thought there was some sort of regulation about owning an airline and a railroad? I could be totally wrong. Also note that Berkshire owns NetJets.
“In the age of information, ignorance is a choice.”
-Donny Miller
 
EvanWSFO
Posts: 1019
Joined: Sun Mar 04, 2018 9:22 pm

Re: Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Fri Mar 01, 2019 3:04 am

WeatherPilot wrote:
"If you want to be a Millionaire, start with a billion dollars and launch an airline..." -Richard Branson


How original. :sarcastic:
I have been on this site 15 years. A unrecoverable email account led me to starting over. Those of you who call me a rookie, you may stop ok?

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