Warren Buffett is wrong about airlines' prospects after coronavirus, Raytheon CEO says
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Warren Buffett is too negative about the prospects for air travel after the coronavirus outbreak, Raytheon Technologies CEO Gregory Hayes said at a conference on Tuesday.
"Unlike Mr. Buffett, I actually do believe that the airline industry is going to come back," Hayes said. Hayes' comments echo those of Southwest Airlines CEO Gary Kelly, who said last week that Buffett was too "pessimistic" about travel and tourism rebounding. In contrast, Boeing CEO David Calhoun warned a major US airline will "most likely" fail this year as passenger numbers won't rebound quickly.
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