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Stock impact report

Berkshire Hathaway sells part of Delta, Southwest airline stakes [Reuters]

Berkshire Hathaway Inc. New (BRK.B) 
Last berkshire hathaway inc. new earnings: 11/2 07:00 am Check Earnings Report
US:NYSE Investor Relations: berkshirehathaway.com
Company Research Source: Reuters
Berkshire Hathaway sells part of Delta, Southwest airline stakes (Reuters) - Warren Buffett’s Berkshire Hathaway Inc ( BRKa.N ) said on Friday it sold about 18% of its stake in Delta Air Lines Inc ( DAL.N ) and 4% of its holdings in Southwest Airlines Co ( LUV.N ) this week, as the coronavirus pandemic drives the airline industry into perhaps its biggest crisis ever. According to regulatory filings, Berkshire sold nearly 13 million Delta shares for about $314 million and roughly 2.3 million Southwest shares for about $74 million. The sales were conducted on Wednesday and Thursday, the filings show. Berkshire previously owned about 11.1% of Delta stock and 10.4% of Southwest stock, according to Refinitiv data. No reasons for the sales were given. Berkshire did not immediately respond to a request for comment sent to Buffett’s assistant. The Omaha, Nebraska-based conglomerate is among the biggest shareholders of the four largest U.S. carriers - Delta, Southwest, American Airlines Show less Read more
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