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0.000438020148926763 0.00394218134034165 -0.00284713096802458 -0.00678931230836623 0.00525624178712225 0.00700832238282962 0.00376259307928159 -0.00787998247919404
Stock impact report

Delta Air Lines: Warren Buffett Is Selling, But I'm Looking To Buy More [Seeking Alpha]

Delta Air Lines, Inc. (DAL) 
Last delta air lines, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.delta.com
Company Research Source: Seeking Alpha
Delta Air LinesDALBerkshire HathawayBRK.ABRK.Bsold a portion of its stakeAt this point, it's impossible to know why Warren Buffett decided to pare back his conglomerate's stake in Delta, or whether the sales reported last week are just the first step towards exiting the position entirely. Nevertheless, the mere possibility that the long-term-oriented Buffett has lost confidence in the airline industry (and this airline in particular) has understandably added to investors' worries.However, I continue to see Delta as one of the better-positioned airlines. Near-term bankruptcy risk is low, and the airline (unlike some of its peers) is likely to return to profitability next year, even though travel demand is expected to remain well below 2019 levels. Moreover, I expect Delta Air Lines' adjusted pre-tax margin to fully recover by 2023, while its above-average profitability should enable it to pay down debt accumulated this year relatively quickly.The cost of COVID-19 will be manageableEarl Show less Read more
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