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Berkshire’s Bold Delta Bet | Durham News
Warren Buffett once called airlines a “capital trap” and dumped Berkshire’s stake in Delta during the pandemic — but now, Berkshire is quietly betting big again, boosting its Delta position 44% in Q2 to over 57 million shares worth $5.4 billion. With new CEO Greg Abel emphasizing disciplined, core investments, this move signals serious confidence. Delta’s turnaround is real: beating earnings, growing revenue beyond tickets via premium services and Amex partnerships, and strengthening its balance sheet with rising equity and falling debt — all while projecting strong year-round growth. Buffett…
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