Berkshire Hathaway returns to airlines with $2.6 billion stake in Delta Air Lines
CNBC • • business
Key Points:
- Berkshire Hathaway reentered the airline industry by acquiring a $2.6 billion stake in Delta Air Lines, marking its return after fully exiting U.S. airlines during the 2020 pandemic.
- The conglomerate adjusted its portfolio by trimming Chevron, increasing its position in Alphabet to become its seventh-largest holding, and initiating a $55 million stake in Macy's.
- Berkshire sold several stocks last quarter, including Mastercard, Visa, and Amazon, likely to unwind positions linked to former portfolio manager Todd Combs, who departed for JPMorgan in 2025.
- Warren Buffett, now chairman, remains actively involved in investment decisions alongside new CEO Greg Abel, despite expressing concerns about the challenging investment environment amid a record $400 billion cash reserve.