Billionaire investor Warren Buffett’s Berkshire Hathaway sold about 18% of its stake in Delta Air Lines Inc. (DAL) for $314 million as the U.S. airline operator said it expects revenues to plunge 90% in the second quarter.Berkshire sold about 13 million Delta shares on Wednesday and Thursday priced between $22.96 and $26.04, according to SEC filings. Separately, Buffet’s Berkshire also divested about 4% of its stake in Southwest Airlines Co. (LUV) dumping about 2.3 million shares for about $74 million, SEC filings show. Delta shares, which were trading around $59 at the start of the year, slid 0.1% to $22.48 …read more
Source:: Yahoo Finance
