00:00Stop scrolling. Warren Buffett just did something he hasn't done since the pandemic, and it's making Delta Airlines investors very
00:07rich.
00:08A regulatory filing just revealed that Berkshire Hathaway built a massive $2.6 billion stake in Delta Airlines.
00:15This is huge because Buffett famously sold all his airline stocks during COVID, saying the industry had changed forever.
00:21Well, he's back, and Delta's stock jumped 8% instantly. Shares are now trading near $80, just shy of their
00:2852-week high.
00:30And the timing makes sense. Delta just reported record first-quarter revenue of $14.2 billion, with $1.2 billion
00:37in free cash flow.
00:39Earnings per share hit $0.64, beating expectations. The airline is absolutely crushing it right now.
00:45But here's the other huge story. On Monday, Delta resumed daily non-stop flights between Hong Kong and Los Angeles
00:52for the first time in years.
00:53The inaugural flight was completely sold out. The airline is using Airbus A350-900 aircraft with full lie-flat Delta
01:01One suites.
01:02This is a massive bet on Asia-Pacific growth. However, not everything is perfect.
01:07Delta's highly anticipated A321 Neo Transcontinental Premium cabin is facing FAA certification delays.
01:13The fancy Safran seats failed safety tests. The entire luxury rollout is now pushed back to 2028.
01:19Passengers expecting lie-flat seats on coast-to-coast flights? Gonna have to wait.
01:23Comment below. Are you buying Delta stock? And would you fly their new Hong Kong-to-L.A. route?
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