Deep Dive: Warren Buffett loves cheap airline stocks, which could get a boost from Trump

The decision by Warren Buffett’s Berkshire Hathaway to load up on Apple shares is making big news. But the billionaire investor also put money in four airline stocks.

A tailwind for airlines is that their high income tax rates might fall dramatically if President Donald Trump succeeds in cutting corporate tax rates.

In the fourth quarter, Berkshire Hathaway Inc. BRK.B, +0.20% built a new stake of 43.2 million shares in Southwest Airlines Co. LUV, +3.58% while also adding to its holdings of American Airlines Group Inc. AAL, +2.08% Delta Air Lines Inc. DAL, +2.63% and United Continental Holdings Inc.

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