I am assuming he sold at a loss. He obviously sees any gov. bailout diluting shares. Just like Cramer said, you don't want to own any cruise or airlines. Especially if the gov. will have an equity stake. But, what about BA? That seems to be doing OK. Won't the gov. have an equity stake in it? I did find this article pertaining to the gov. having an equity stake in BA:
https://www.fool.com/investing/2020/...ity-stake.aspx
Speaking on Fox Business on Tuesday, Calhoun reiterated his call for federal support, but said he might reject aid if it required selling an equity stake to the government. "If you attach too many things to it, of course you take a different course," Calhoun said.
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