Airlines are not an 'investable business,' says former American Airlines CEO

Warren Buffett told investors Saturday that Berkshire Hathaway has sold its entire stakes in the four largest U.S. airlines — American, Delta, Southwest, United — as the pandemic upends another bet on the sector that the famed investor had shunned for years before a surprise return in 2016. Robert Crandall, former CEO of American Airlines and former chairman of the AMR Corporation, joins "Squawk Box" by phone to discuss.
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Mon, May 4 20207:20 AM EDT