Yahoo Finance | EN590 Commodities
EN590 Commodities GroupEnergy Markets 2026-08-16T21:47:00+00:00
Warren Buffettspent years telling anyone who would listen that airlines were a terrible business to own. Buffettcalled them a "capital trap," a place where fuel costs and fare wars could erase profits almost overnight. Then Covid hit, andBerkshire Hathawaydumped its entire airline portfolio in 2020, locking in steep losses. "The world has changed for airlines,"Buffettsaid at the time. So it says something that Berkshire (BRK.A) has now done the opposite. The conglomerate has been steadily building a position inDelta Air Lines, and the numbers show real conviction. According to recent13F filings, Berkshire's stake in Delta jumped 44% during the second quarter of 2026, climbing to 57.3 million shares. That position was worth roughly $5.4 billion at the end of June. Back in May,I reportedthat
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