Warren Buffett’s airline sales had a ‘dramatic effect’ on industry financing, United’s finance boss says

Warren Buffett’s disclosure that Berkshire Hathaway sold its airline stocks in April might be indirectly responsible for United Airlines scrapping a $2.3 billion bond issue this month. “It had a pretty dramatic effect on the capital structure of all the airlines in not a positive way,” United’s finance boss, Gerald Laderman, said at a conference this week. United scrapped the fundraising after investors demanded better terms, perhaps because they were shaken by Buffett’s warnings about airlines the weekend before. “Timing was off a little bit,” Laderman said. Visit Business Insider’s homepage for more stories.

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