Greg Abel Builds $2.6 Billion Delta Stake, Lifting Shares More Than 3%
Updated
Updated · Bloomberg · May 15
Greg Abel Builds $2.6 Billion Delta Stake, Lifting Shares More Than 3%
2 articles · Updated · Bloomberg · May 15
39.8 million Delta shares bought by Greg Abel gave Berkshire Hathaway a 6.1% stake worth about $2.6 billion at the end of March, according to a Friday regulatory filing.
Delta rose more than 3% in post-market New York trading after investors learned of the new position, one of Abel's first major portfolio moves as Berkshire chief executive.
The purchase also marks Berkshire's return to airlines after Warren Buffett exited the sector in 2020, saying the pandemic had changed travel patterns.
Six years after Buffett fled the airline industry, why is Berkshire now betting billions on Delta under new leadership?
Why is Berkshire boosting its stake in AI-leader Google while its portfolio is labeled an 'anti-AI' laggard?
Berkshire Hathaway’s $2.6 Billion Delta Bet: Greg Abel’s First Major Move Signals Strategic Shift After Buffett’s 2020 Airline Exit
Overview
In May 2026, Berkshire Hathaway made a major move by investing over $2.6 billion in Delta Air Lines, marking its return to the airline sector after Warren Buffett’s complete exit in 2020. This investment, revealed in the Q1 2026 13F filing, is the first significant disclosure under new CEO Greg Abel. Abel, who consults with Buffett on key decisions, appears to be guiding Berkshire toward a more stable and passive investment approach. The Delta stake signals a potential shift in strategy and highlights Abel’s influence as he leads the company into a new era.