Greg Abel, Berkshire Hathaway's new CEO, increased the company's stake in Delta Air Lines by 44% in the second quarter of 2026, reversing Warren Buffett's 2020 exit from airlines. Berkshire bought 17.5 million Delta shares, raising its total to 57.3 million shares valued at $5.4 billion, up from $2.6 billion after the first quarter. This makes Delta the 13th-largest position in Berkshire's portfolio, representing about 1.8% of the total, and boosts Berkshire's ownership to 8.7% of Delta, up from 6.1%. The move came as Berkshire became a net buyer of stocks for the first time in 14 quarters, purchasing roughly $23.5 billion in stocks while selling just $3.7 billion, reducing its cash pile from a record $397 billion to approximately $365 billion. Delta is now the only airline stock Berkshire owns, and analysts are bullish, with 89% rating it a buy and a median price target of $105 per share, implying a 28% gain.
Delta Air Lines IncBerkshire increased its stake in Delta by 44%, making it the only airline stock owned, with bullish analyst ratings.
Berkshire Hathaway IncBerkshire's new CEO increased Delta stake and became net buyer of stocks, reducing cash pile.
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