Delta Air Lines (DAL): Berkshire Hathaway sells as the airline prepares to see 90% revenue drop
Delta Air Lines (DAL) currently trades at $23.51 and has grown by 5.33% today. CEO Ed Bastian told employees that the airline is preparing for a 90% revenue drop for the second quarter and that “we know we still haven’t seen the bottom.”. On Friday, after the market closed, Warren Buffet’s Berkshire Hathaway filed forms with the SEC to declare that it had sold stock in Delta Air Lines. Delta’s elevated cash burn, combined with Buffett’s sale, should cause shareholders to re-evaluate their holdings in the airline.
Based on this information, investorsQ rates this stock 4 out of 10. We give it this rating based on current information written in this article. The high forecast for Delta Air Lines is $78.00 and the low is $27.00. Notably, the company’s market cap is $15.02 billion with a 52 week high of $63.44 and a 52 week low of $19.10. DAL went up $1.14 from the previous closing price of $22.31. DAL has changed in price by -34.22 per share in the last 12 months.