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Southwest Airlines Jumps After Unconfirmed Talk of a Buffett Takeover

Posted: Thu Feb 28, 2019 9:08 pm
by william
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.”

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

Posted: Thu Feb 28, 2019 10:57 pm
by Pontius
Market Cap
30.973B

Not pocket change.

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

Posted: Thu Feb 28, 2019 10:58 pm
by kalvado
Buffett decided to change his life and become a millionaire?

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

Posted: Thu Feb 28, 2019 11:02 pm
by Turnhouse1
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?

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

Posted: Thu Feb 28, 2019 11:06 pm
by Aesma
Apparently he has already put 10 billions in airlines, why go further ?

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

Posted: Thu Feb 28, 2019 11:24 pm
by yeginleduc
Mr Buffett already owns NetJets, so why not add Southwest to it.

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

Posted: Thu Feb 28, 2019 11:25 pm
by WeatherPilot
"If you want to be a Millionaire, start with a billion dollars and launch an airline..." -Richard Branson

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

Posted: Thu Feb 28, 2019 11:33 pm
by queb
They already have 10%

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

Posted: Fri Mar 01, 2019 12:04 am
by ordbosewr
Pontius wrote:
Market Cap
30.973B

Not pocket change.


Berkshire has over 100B in cash, they have plenty to pay in cash

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

Posted: Fri Mar 01, 2019 12:31 am
by Boof02671
He lost $300 million in the 90s in US Air and just lost anothe $700 million last year in AA, B6, DL and WN.

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

Posted: Fri Mar 01, 2019 12:31 am
by Airlines0613
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.

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

Posted: Fri Mar 01, 2019 12:35 am
by Airlines0613
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.

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

Posted: Fri Mar 01, 2019 12:39 am
by Boof02671

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

Posted: Fri Mar 01, 2019 12:47 am
by sunking737
Maybe he is the new investor of California Pacific Airlines??

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

Posted: Fri Mar 01, 2019 2:56 am
by ctrabs0114
sunking737 wrote:
Maybe he is the new investor of California Pacific Airlines??


I'm guessing he's going to try and jumpstart Baltia...

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

Posted: Fri Mar 01, 2019 3:02 am
by N328KF
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.

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

Posted: Fri Mar 01, 2019 3:04 am
by EvanWSFO
WeatherPilot wrote:
"If you want to be a Millionaire, start with a billion dollars and launch an airline..." -Richard Branson


How original. :sarcastic: