Berkshire Increased Stakes in Major U.S. Airlines in Fourth Quarter; Made Apple a Top 10 Holding
Berkshire Hathaway continued to add to its holdings in the three U.S. airlines that the firm bought stakes in during the third quarter, picking up an additional 54 million shares of Delta Air Lines (for an estimated $2.4 billion), 24 million shares of United Continental Holdings ($1.5 billion), and 24 million shares of American Airlines Group ($1 billion) during the fourth quarter of 2016. The company also added a 43 million share stake in Southwest Airlines ($1.9 billion) during the period, bri...
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