Insider Activity: Large Investor in Delta Air Lines (DAL) Buys $265 Million in Stock
Berkshire Hathaway Inc, who already control 10% of shares at Delta Air Lines (DAL), bought 5,368,956 shares of the company’s common stock on Mar. 6. At $49.40 per share, Berkshire Hathaway paid a total of $265,234,149 for the new shares.
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About Delta Air Lines Inc.
Atlanta-based Delta Air Lines is one of the world's largest airlines, flying to more than 325 destinations in 60 countries. Delta operates a hub-and-spoke system, where it gathers and distributes passengers across the globe through key locations in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta generated just over $41 billion in revenue during 2017 and operated a mainline fleet of 856 aircraft at year-end 2017.