"It is not a business that intrigues us"

9:30 AM ET Mon, 4 May 1998

Early in 1998, with help from a booming stock price, US Airways paid back its $358 million loan with common shares that were sold for $574 million. Buffett's "mistake" had also brought in around $240 million in dividends. Three months later, Buffett told shareholders Berkshire wouldn't rule out making another airline loan, but wasn't interested in buying an airline's common stock.