For decades, Berkshire HathawayQuarterly stock reports have been treated as a roadmap to Warren Buffett’s thinking. However, the last one seems very special. Berkshire Hathaway (BRK.A) (BRK.B) revealed a broad overhaul of its portfolio in its latest 13F filing, adding a large new stake in Delta Air Lines (DAL), increasing its stake in Alphabet (GOOGL)…
Airline stocks sold off on Monday as grounded flights and a rise in crude oil prices fueled concerns about shrinking profits due to rising jet fuel costs. Shares of Delta Air Lines (DAL) fell 5% before paring losses, while American Airlines (AAL) fell as much as 6% and United Airlines (UAL) fell as much as…
The investment case for the stock is based on understanding how management has fundamentally restructured the airline’s business model. The airline’s bonuses, loyalty, co-branded credits and differentiated pricing strategies are securing its long-term revenue streams. The industry, and this airline, in particular, is unlikely to be as cyclical as it was in previous decades. 10…
By David Shepardson WASHINGTON (Reuters) -Delta Air Lines and Aeromexico on Friday asked a U.S. appeals court to stay a Trump administration order forcing it to unwind a joint venture that allows the airlines to coordinate the scheduling, pricing and capacity of flights between the United States and Mexico. Aeromexico told the 11th Circuit Court…
“Better than expected” is a description that can very rarely be applied to mostly mediocre wine on a long-haul flight. On Thursday, however, Delta Air Lines investors applied it to the airline’s latest quarterly earnings rather than its wine. Delta, the first U.S. airline to report its performance for the three months through September, beat…
