Published:
As airlines grapple with surging fuel costs due to the Iran war, at least one hedge fund got out of the way during the first quarter.
Appaloosa, founded by investor David Tepper, sold off its entire stakes in Delta Air Lines
DAL, American Airlines AAL and United Airlines UAL in the first quarter, which ended on March 31, the fund’s latest disclosure showed on Friday. The filing doesn’t detail the exact dates of the sales.
