Berkshire Puts $2.65 Billion Into Delta Air Lines Shares
Berkshire Hathaway disclosed a $2.65 billion stake in Delta Air Lines, marking its return to the carrier after exiting airline stocks in 2020. The holding totaled 39.8 million shares as of March 31, according to a regulatory filing. Delta shares rose 3.2% after the news. The investment comes as Delta faces higher fuel costs and reduced near-term growth plans.