Berkshire invests in Delta again during Abel’s 1st quarter
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Berkshire Hathaway on Friday disclosed a new $2.65 billion investment in Delta Air Lines and a small stake in Macy's , and said it sold many of its smaller stock holdings including in Amazon.com and UnitedHealth Group .
Warren Buffett spent years telling anyone who would listen that airlines were a value trap. He famously said a far-sighted capitalist should have shot down Orville Wright's plane at Kitty Hawk. And then he sold every airline stock he owned during the pandemic,
Berkshire Hathaway's equity portfolio got one of its biggest renovations ever during Greg Abel's first three months as the company's CEO.