Berkshire's Delta Air Lines Stake Jumps 44% to $5.4 Billion in Q2

3-line summary

• Berkshire Hathaway's stake in Delta Air Lines jumped 44% during the second quarter of 2026, climbing to 57.3 million shares worth roughly $5.4 billion at the end of June, according to recent 13F filings cited in a Yahoo Finance report; the position was worth about $2.6 billion at the end of March.
• Berkshire dumped its entire airline portfolio in 2020 during the pandemic, with Buffett previously calling airlines a 'capital trap'; the Delta position was built during Greg Abel's tenure as CEO, who wrote to shareholders in February that Berkshire has 'core' positions it won't sell but otherwise plans to stay 'disciplined and concentrated.'
• Delta reported record second-quarter revenue of $17.7 billion, up 14% year-over-year, with unit revenue growth of 12.4% despite capacity growing only about 1%; pretax profit was $1.4 billion, with earnings of $1.56 per share and a 9% operating margin, all ahead of the company's guidance.

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