Hedge Fund Giant David Tepper Made a Killing with Airline Stocks


According to Forbes’ Warren Buffett has an antipathy for airlines. He has said that “The net wealth creation in airlines since Orville Wright has been next to zero” and also called his investment in US Airways in the early 1990s one of his biggest mistakes, after losing the majority of it. David Tepper, master of distressed investing (he made billions during the financial crisis), typically enters a scenario when there is a bankruptcy involved and an opportunity to gain after other people have lost, which was the case with his two big airline purchases of the first quarter: US Airways (LCC) and Delta Airlines (DAL). His uncanny timing led to an average gain of 82 percent on them to date this year.

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