Berkshire Hathaway returns to airlines with $2.6 billion Delta stake
Berkshire Hathaway disclosed a $2.6 billion position in Delta Air Lines at the end of March, marking its return to airline stocks. The move is read as a strategic call by Buffett successor Greg Abel and lifted broader sector sentiment.
Berkshire's latest 13-F filing disclosed a $2.6 billion position in Delta Air Lines. The size makes Delta Berkshire's 14th-largest holding and brings airline stocks back into the portfolio for the first time since 2020.
The decision is being read as one of the first major directional shifts under new chief executive Greg Abel. Warren Buffett exited the entire airline sector at the start of the pandemic after concluding he had 'misread the business'; Abel is now betting on the durability of premium-cabin demand and Delta's fuel-efficiency edge.
Delta shares rose more than 4% in extended trading, with United and American also closing positive. The disclosure landed against a backdrop of investor concern over rising jet fuel costs and the summer-season booking outlook.
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