First, read the case The Oracle of Omaha: Liftoff or Crash Landing?

Second, answer the questions below. In your initial response to the topic you have to answer all questions:

1. How long would this coronavirus pandemic last? Would the general public be eager to resume traveling once the shutdowns were eased, or would consumer demand for commercial travel return slowly?

2. Have Southwest's management team done a good enough job navigating the crisis so far, or have they led investors astray?

3. What is the long-term outlook for the airline industry, and how will its financial metrics look post-shutdown? Some metrics to focus on include total passengers, total revenue, and stock price.

4. In April 2020, should Buffett sell his shares in Southwest Airlines or buy further stock at the new reduced price?