Delta Air Lines, Inc. ownership disclosure: Warren E. Buffett, Berkshire Hathaway Inc., and National Indemnity Company report shared beneficial ownership of 39,809,456 shares of Delta Air Lines common stock, representing 6.1% of the class as shown on the cover pages. The filing is a Schedule 13G reporting that the reporting persons hold shared voting and dispositive power over 39,809,456 shares as of 03/31/2026.
The filing lists issuer CUSIP 247361702 and provides principal addresses for Warren E. Buffett, Berkshire Hathaway Inc., and National Indemnity Company. Signatures are dated 05/15/2026.
Positive
None.
Negative
None.
Insights
Large passive stake reported: 39,809,456 shares (6.1%).
The Schedule 13G shows shared voting and shared dispositive power for 39,809,456 shares, representing 6.1% of Delta's common stock as of 03/31/2026. This indicates aggregated ownership under the reporting group rather than an open-market trade.
Key dependencies include whether holdings are passive or active; the filing type (13G) typically signals passive investment profiles. Subsequent filings could show changes in ownership classification or percentages.
Shared control via group entities is highlighted.
The report attributes shared voting and dispositive power to Warren E. Buffett, Berkshire Hathaway Inc., and National Indemnity Company for 39,809,456 shares. Addresses and CUSIP 247361702 are provided, and Exhibit A is referenced for group/subsidiary details.
Any shifts in voting alignment or reclassification (e.g., to 13D) would require different disclosures; current disclosure is consistent with a passive reporting posture.
Key Figures
Shared beneficial ownership:39,809,456 sharesPercent of class:6.1%Filing type:Schedule 13G+3 more
6 metrics
Shared beneficial ownership39,809,456 sharesshared voting/dispositive power as of 03/31/2026
Percent of class6.1%percentage of common stock reported on cover pages
Filing typeSchedule 13Gownership disclosure for passive/group investors
CUSIP247361702Delta Air Lines common stock identifier
Position date03/31/2026as of date shown on cover pages
Signature date05/15/2026date signatures were provided on the filing
"The filing is a Schedule 13G reporting beneficial ownership"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Shared Dispositive Powerregulatory
"Shared Dispositive Power 39,809,456.00 appears on the cover pages"
Beneficially Ownedfinancial
"Amount beneficially owned: See the Cover Pages for each of the Reporting Persons"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
DELTA AIR LINES, INC.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
247361702
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
247361702
1
Names of Reporting Persons
Warren E. Buffett
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
39,809,456.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
39,809,456.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
39,809,456.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.1 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP Number(s):
247361702
1
Names of Reporting Persons
Berkshire Hathaway Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
39,809,456.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
39,809,456.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
39,809,456.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.1 %
12
Type of Reporting Person (See Instructions)
HC, CO
SCHEDULE 13G
CUSIP Number(s):
247361702
1
Names of Reporting Persons
National Indemnity Company
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEBRASKA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
39,809,456.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
39,809,456.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
39,809,456.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.1 %
12
Type of Reporting Person (See Instructions)
IC, CO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
DELTA AIR LINES, INC.
(b)
Address of issuer's principal executive offices:
Hartsfield-Jackson Atlanta Intl Airport, 1030 Delta Boulevard, Atlanta, Georgia 30354
Item 2.
(a)
Name of person filing:
Warren E. Buffett
Berkshire Hathaway Inc.
National Indemnity Company
(b)
Address or principal business office or, if none, residence:
Warren E. Buffett
3555 Farnam Street
Omaha, Nebraska 68131
Berkshire Hathaway Inc.
3555 Farnam Street
Omaha, Nebraska 68131
National Indemnity Company
1314 Douglas Street
Omaha, Nebraska 68102
(c)
Citizenship:
Warren E. Buffett (United States Citizen); Berkshire Hathaway Inc. (State of Delaware); National Indemnity Company (State of Nebraska).
(d)
Title of class of securities:
Common Stock, par value $0.0001 per share
(e)
CUSIP Number(s):
247361702
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See the Cover Pages for each of the Reporting Persons.
(b)
Percent of class:
See the Cover Pages for each of the Reporting Persons.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See the Cover Pages for each of the Reporting Persons.
(ii) Shared power to vote or to direct the vote:
See the Cover Pages for each of the Reporting Persons.
(iii) Sole power to dispose or to direct the disposition of:
See the Cover Pages for each of the Reporting Persons.
(iv) Shared power to dispose or to direct the disposition of:
See the Cover Pages for each of the Reporting Persons.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit A.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit A.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does Warren E. Buffett report in Delta Air Lines (DAL)?
Warren E. Buffett, Berkshire Hathaway, and National Indemnity report shared beneficial ownership of 39,809,456 shares, equal to 6.1% of Delta's common stock as shown on the cover pages dated 03/31/2026.
What filing was submitted for Delta Air Lines ownership by Berkshire Hathaway?
The group filed a Schedule 13G reporting shared voting and dispositive power over 39,809,456 shares. The report cites CUSIP 247361702 and signatures dated 05/15/2026.
Does the Schedule 13G indicate sole control of the shares?
No. The filing lists 0 sole voting power and 39,809,456 in shared voting and dispositive power, indicating the stake is reported as shared among the named reporting persons.
What dates are relevant in the disclosure for DAL ownership?
The ownership position is reported with an as‑of date of 03/31/2026 on the cover pages, and the submission/signatures are dated 05/15/2026, per the filing text.
Which entities are listed as reporting persons on the Schedule 13G?
The filing lists Warren E. Buffett, Berkshire Hathaway Inc., and National Indemnity Company with principal addresses in Omaha, Nebraska, and identifies their citizenship or place of organization.
