Delta Air Lines reported strong first-quarter results, surpassing revenue and margin forecasts due to its diversified revenue streams, premium offerings, and refinery ownership which help mitigate fuel price volatility. Management projects 10-13% revenue growth for Q2 but anticipates margin pressure from rising fuel costs, though Delta is less exposed compared to peers. The company maintains a strong financial position with robust free cash flow, low debt, and an improving balance sheet, supporting a buy rating with an $83 price target reflecting an 18.5% upside potential.
Berkshire Hathaway, under new CEO Greg Abel, disclosed its first quarterly portfolio update since Warren Buffett stepped down. The $263 billion equity portfolio saw significant changes, including increased stakes in Alphabet, The New York Times, and ...
Berkshire Hathaway reshuffled its portfolio in Q1, investing $2.65 billion in Delta Air Lines and acquiring a small stake in Macy’s. The company also more than tripled its stake in Alphabet to $16.6 billion and doubled its holding in the New York Tim...
In the first quarter, Berkshire Hathaway increased its investment in Alphabet and started a new position in Delta Air Lines. The company also sold off significant holdings in Mastercard, Visa, Aon, and UnitedHealth Group, while reducing its stake in ...
Appaloosa, a hedge fund led by David Tepper, sold its entire stakes in Delta Air Lines, American Airlines, and United Airlines during the first quarter of 2026. This move comes as the airline industry faces soaring fuel costs driven by the Iran war, ...
Berkshire Hathaway has reentered the airline industry by acquiring a $2.6 billion stake in Delta Air Lines, marking its return after fully exiting U.S. airlines in 2020 due to the pandemic. This investment makes Delta the conglomerate's 14th-largest ...
