Berkshire Buys U.S. Airlines - Are The European Peers Any Good? The Case Of easyJet

Warren Buffet of Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) has the tendency of buying stocks that everyone hates at the moment he is getting in. He has demonstrated its habit recently when it purchased in total $8B of stakes in Delta Airlines (NYSE:DAL), American Airlines (NASDAQ:AAL) and Southwest Airlines (NYSE:LUV). This begs the question whether European Airliners offer similar value.

The seven largest carriers in Europe (all with more than 60M passengers in 2016) can be segmented into two broad categories: legacy airlines such as Lufthansa (OTCQX:DLAKF) (OTCQX:DLAKY), International Airlines Group (British Airways and Iberia) (OTCPK:ICAGY) (OTCPK:BABWF), Air France-KLM (OTC:AFRAF) (OTCPK:AFLYY) and Turkish Airlines and the two leading low-cost carriers Ireland-based Ryanair (NASDAQ:RYAAY) (OTC:RYAOF) and UK-based Easyjet (OTCQX:ESYJY) (OTC:EJTTF).

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