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 may have been wrong this time. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4aaea5c2a8ee59ef