Berkshire Hathaway took a new $2.6 billion position in Delta Air Lines during the first quarter, reviving memories of Warren Buffett’s complicated history with airline stocks. Buffett told The Wall Street Journal he was not involved in the new Delta stake, while Greg Abel now oversees Berkshire’s massive stock portfolio. The move comes as airlines face renewed pressure from rising jet fuel costs, though Delta remains one of the industry’s strongest profit leaders thanks to its focus on affluent customers.
#BerkshireHathaway #DeltaAirLines #AirlineStocks
🖥️ Try Benzinga Pro FREE with a 14 day trial:
benzinga.com/pro/register
📈 Take your trading to the next level with our suite of premium research services and tools:
benzinga.com/services
🌐 Find more market-moving insights at
benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets.
📲 Follow us on socials @benzinga
--------...