Airline Sector across the world has been witnessing close down of various airlines for a few decades. While some have closed down completely, others are still in partial operation of flights. With the coronavirus pandemic still looming around, several airlines across the world are filing for bankruptcy and others are facing a crucial cash crunch.
Lockdowns have been imposed around the world which has led to airlines stopping their operations. Things became more evident when Virgin Australia, one of the world’s biggest airlines filed for bankruptcy.
The legendary investor, Warren Buffet dumped all his airline sector shares saying that things have changed due to the coronavirus pandemic.