After Warren Buffett Sells Stocks, Delta Says It'll Survive

ATLANTA, GA — One of the country’s biggest investors sold all of his shares in Delta Air Lines, according to several reports. Berkshire Hathaway CEO Warren Buffett, who owned about 11 percent of Delta Air Lines’ stock, has sold $4 billion worth of stock from several airlines.

"The world changed for airlines and I wish them well," Buffett said.

According to Forbes, Buffett sold his portfolio of U.S. airline stocks comprising of Delta, American Airlines, Southwest and United Airlines.

Berkshire had an 11 percent stake in Delta, 10 percent in each American and Southwest, and 9 percent in United. It sold some of the Delta and Southwest stakes in April. Berkshire started accumulating holdings in 2016.

A spokesperson for the airline tells WSB that they believe Delta will get through this and are still moving forward. They said the airline will endure as a better, stronger and more resilient airline in the future.

The company employs more than 90,000 people worldwide, including around 33,000 here in Georgia.