⁍ Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft parts unit.

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⁍ Despite the writedown, Berkshire said second-quarter net income surged 87% because of gains in stock investments.

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⁍ Buffett himself soured on airlines during the quarter, selling $6 billion of their stock.

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– Warren Buffett’s Berkshire Hathaway reported second-quarter net income of $26.3 billion, or $16,314 per Class A share, up from $14.07 billion, or $8,608 per share, a year earlier, per Reuters. Adjusted for one-time items, the profit was $26.3 billion, or $16,314 per Class A share. That’s up 87% from the first quarter. Here’s what you need to know about Berkshire’s results: Net income: $26.3 billion, or $16,314 per Class A share. That’s up 87% from the first quarter. Net income: $5.53 billion, or $3,463 per Class A share, down from $6.14 billion, or $3,757 per share, a year earlier. Operating profit: $5.53 billion, or about $3,463 per Class A share, down from $6.14 billion, or $3,757 per share, a year earlier. Revenue: $56.8 billion, down 11%. Operating profit: $5.53 billion, or about $3,463 per Class A share, down from $6.14 billion, or $3,757 per share, a year earlier.