March 6 2020
Ever on the hunt for a great bargain, billionaire investor Warren Buffett boosted his company’s stake in Delta Air Lines once again. Berkshire Hathaway acquired some 976,000 Delta shares last week for roughly $45.3 million, according to a filing on Monday, raising its total holdings to 17.9 million shares. This was enough to bring Buffett’s ownership of the U.S. long-haul carrier up to more than 11 percent. Once a critic of airline stocks, Buffett has become one of their greatest champions, noting the industry’s strong fundamentals and the fact that it’s protected by an economic moat.