What Happened
Billionaire Investor Reverses Stance On Aviation Industry
Warren Buffett’s Berkshire Hathaway has invested $3.6 billion in Delta Air Lines, a move that has raised eyebrows across the aviation industry. Delta’s structural advantages, including its ownership of an oil refinery and focus on premium travelers, may have contributed to the investment. The airline posted record revenue of $14.2 billion and saw strong demand for premium cabins. This investment was reported by travelweekly.com.au.