Berkshire re-enters airline sector with new $2.6 billion Delta Air Lines stake
India, May 16 -- Berkshire Hathaway returned to the airline industry by adding a sizeable stake in Delta Airlines, media reports said.
The Omaha-based company had completely exited the sector in 2020 when the world was grappling with the COVID pandemic.
The Omaha-based company built a position worth more than $2.6 billion, making Delta Berkshire's 14th-largest holding at the end of March, according to a new regulatory filing, reported CNBC.
Six years ago, Warren Buffett stunned the world and investors when he sold Berkshire's entire equity portfolio of U.S. airlines. It included stakes worth more than $4 billion across United, American, Southwest and Delta Air Lines.
Among Berkshire's largest holdings, the firm trimmed its stake in Ch...
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