Berkshire Hathaway sells 12.9M Delta shares, 2.3M Southwest shares

Shares of Delta Air Lines Inc. fell more than 8% in the extended session Friday after the airline said its second quarter will be "even more difficult than the first" and Warren Buffett's Berkshire Hathaway Inc. disclosed it.....»»

Kevin Lamarque/Reuters Warren Buffett's Berkshire Hathaway sold nearly $390 million worth of shares in Delta Air Lines and Southwest Airlines thi.....»»

Delta CEO Ed Bastian says his company has not yet hit bottom as it is ravaged by fallout from the novel coronavirus pandemic. What's more, billionaire Warren Buffett has parted with nearly 13 million shares of Delta stock. In a memo to Delta Air.....»»

Warren Buffett of Berkshire Hathaway has had a complicated relationship with airlines throughout his investing career......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Shares of both airlines plunged in after-hours trading Friday......»»

Warren B.....»»

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Berkshire Hathaway Sells Another 1.6 Million Sirius XM Holdings Shares.....»»

Berkshire disclosed it followed up major buying of the airline’s shares on Friday with another 6,500 Delta shares on Monday......»»

Berkshire unit National Indemnity paid $265.2 million for 5.4 million more shares of the airline. Berkshire now owns more than 10% of Delta stock across its units......»»

Warren Buffett.....»»

Stock for Southwest Airlines spiked the morning of Feb. 28 on social media speculation that Berkshire Hathaway Inc. was considering a takeover bid, according to Bloomberg News. The speculation of a deal first appeared with a mention by StockTradersNET.....»»

Buffett's Refusal To Split Berkshire Stock Is Creating A 'Y2K-Like' Problem For Nasdaq After years of lackluster performance, Warren Buffett's Berkshire Hathaway has seen its Class A shares climb 20% so far this year,.....»»

There's no bubble in Berkshire Hathaway Inc. shares, as Warren Buffett and Charlie Munger still believe they are cheap enough to spend more than $6 billion buying them back during in the first quarter, and perhaps more than $1 billion since then......»»

In the first quarter, Berkshire Hathaway saw strong profits and repurchased $6.6 billion of its shares. read more.....»»

Warren Buffett’s Berkshire Hathaway just received a  dividend check for $168 million dollar from Coca-Cola. Berkshire Hathaway owns 400 million shares of Coca-Cola (KO), which are projected to generate $672 mil.....»»

Berkshire "B" shares have jumped 13% this year, while Apple stock has fallen 10% over the same period......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

His Berkshire Hathaway conglomerate recently started buying shares of Verizon and Chevron --- both have attractive dividend yields well-supported by expected cash flow......»»