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Berkshire Hathaway (BRK.B) Just Backed Delta, And That Says A Lot About Greg Abel
Simply Wall St.32d agoneutral
Berkshire Hathaway (BRK.B) Just Backed Delta, And That Says A Lot About Greg Abel

Greg Abel, the new CEO of Berkshire Hathaway (NYSE:BRK.B), has taken a significant position in Delta Air Lines. The move contrasts with Warren Buffett's earlier skepticism toward airlines, which he once called a "bottomless pit". Delta is currently performing well, making the new allocation an important signal of Berkshire's evolving investment approach. Berkshire Hathaway sits at the center of multiple sectors, from insurance and energy to railroads and consumer brands, so any visible...

Delta Air Lines CEO issues stark warning for low-cost rivals
TheStreet34d agoneutral
Delta Air Lines CEO issues stark warning for low-cost rivals

Delta Air Lines just posted one of its strongest quarters in years. But CEO Ed Bastian did not spend his earnings call only celebrating record revenue. He also delivered a blunt message to the rest of the airline industry, especially the budget carriers that built their entire business around ...

Why Delta trades less like an airline and more like a loyalty business
TheStreet34d agoneutral
Why Delta trades less like an airline and more like a loyalty business

Delta Air Lines (DAL) did not just report a strong travel quarter. Delta Air Lines beat June-quarter estimates, maintained its full-year forecast, and boosted its dividend as it absorbed the largest quarterly fuel bill in its history. Its adjusted fuel expense grew 77% , year over year, to $4.4 ...

Archer Aviation (ACHR) Takes Joby Patent Fight To Regulators As Delta Raises Concerns
Simply Wall St.36d agoneutral
Archer Aviation (ACHR) Takes Joby Patent Fight To Regulators As Delta Raises Concerns

Archer Aviation (NYSE:ACHR) is pursuing a patent case against Joby Aviation at the U.S. International Trade Commission, alleging infringement related to electric air taxi technology. The case includes potential exclusion orders that could limit Joby’s ability to bring certain eVTOL aircraft or components into the U.S. market. Delta Airlines has publicly raised concerns about the broader impact of the dispute on the U.S. eVTOL sector and future air taxi services. Archer Aviation, a U.S...

Corrections & Amplifications
The Wall Street Journal36d agoneutral
Corrections & Amplifications

Marsh & McLennan is ranked No. 101 overall and Fiserv No. 386 overall in the Best Companies for the Future ranking of companies in the S&P 500 stock index as of Dec. 31, which Bendable Labs prepared for the WSJ Leadership Institute. The ranking published in the June 8 Journal Report incorrectly placed Marsh & McLennan at No. 275 because of errors in calculating its scores for AI readiness, innovation and financial fitness. Fiserv was incorrectly placed at No. 364 because of errors in calculating its scores for AI readiness and resilience.

Delta earnings: Jet fuel spike has helped airlines pass on higher fares
Yahoo Finance Video36d agoneutralVIDEO
Delta earnings: Jet fuel spike has helped airlines pass on higher fares

Delta Air Lines (DAL) stock continues to face some turbulence ahead of Friday's close despite flying past second quarter estimates with the operator reporting revenue of $17.67 billion and adjusted earnings of $1.56 per share. The airline cited struggles with elevated jet fuel prices while boasting strong demand. Raymond James managing director Savi Syth discusses her recent downgrade on the stock.

Delta CEO Says Fliers Can Afford These Higher Fares
The Wall Street Journal36d agoneutral
Delta CEO Says Fliers Can Afford These Higher Fares

Airlines have passed soaring fuel costs along to travelers for months, and industry observers have watched for signs that consumers hit their limit. But airline executives say it hasn’t happened yet, and Delta said Friday that volatile fuel prices won’t knock its year off course.