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Warren Buffett is loading up on airlines

Nov 15, 2016, 03:06 IST

Reuters/Shannon Stapleton

Warren Buffett is loading up on airline stocks.

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Buffett's Berkshire Hathaway is taking new stakes in American Airlines, United, and Delta, according to the company's latest 13-F filing.

The firm also took a stake in Southwest Airlines, according to CNBC.

Stocks for the firms jumped in after-hours trading. Around 4:19 p.m. ET they were at:

  • American Airlines: up 2.2% to $44.35 per share.
  • United Continental Holdings: up 1.0% to $63.58 per share.
  • Delta Air Lines: up 1.6% to $48.25 per share.
  • Southwest Airlines: up 2.3% to $46.40 per share.

According to data from Bloomberg, Berkshire Hathaway added 21.8 million shares of American Airlines, 6.33 million shares of Delta Air Lines, and 4.53 million shares of United Continental.

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Berkshire Hathaway also exited Suncor Energy, according to Bloomberg. It's stock is down by 0.5% to $29.19 per share.

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