Delta Airlines and its Shareholders
Delta Airlines is one of the largest airlines in the world, with a fleet of over 800 aircraft and operations in over 50 countries. As a publicly traded company, Delta Airlines has shareholders who own a stake in the company. These shareholders have a say in the company’s decision-making processes, including the appointment of the board of directors, and the company’s strategic direction.
Delta Airlines: A Brief Overview
Delta Airlines was founded in 1924 as a crop dusting company and has since grown to become one of the largest airlines in the world. Delta operates over 5,400 daily flights and serves more than 200 million customers annually. The company’s main hub is in Atlanta, Georgia, but it also has hubs in Detroit, Minneapolis, New York, and Salt Lake City.
Delta Airlines’ Shareholders: An Overview
Delta Airlines has a diverse group of shareholders, including institutional investors, individual investors, and mutual funds. These shareholders own a stake in the company and have the right to vote on issues such as the appointment of the board of directors and other major decisions. Delta’s largest shareholders are institutional investors, who own a significant portion of the company’s outstanding shares.
Who is the Largest Shareholder of Delta Airlines?
The largest shareholder of Delta Airlines is Berkshire Hathaway, a multinational conglomerate, led by Warren Buffett. As of December 31, 2020, Berkshire Hathaway owned approximately 9.3% of Delta Airlines’ outstanding shares, making it the largest shareholder. Berkshire Hathaway’s stake in Delta Airlines is valued at over $2.5 billion.
The Largest Shareholder: A Brief Profile
Berkshire Hathaway is a multinational conglomerate that owns a diverse portfolio of companies, including GEICO, Duracell, and Dairy Queen. The company is led by Warren Buffett, one of the world’s most successful investors. Berkshire Hathaway’s investment philosophy is centered around long-term value investing, which has helped the company generate significant returns for its shareholders over the years.
The Largest Shareholder’s Stake in Delta Airlines
Berkshire Hathaway’s stake in Delta Airlines gives the company significant influence over the airline’s decision-making processes. As the largest shareholder, Berkshire Hathaway has the power to vote on major issues such as the appointment of the board of directors and other strategic decisions. The company’s investment in Delta Airlines is also seen as a vote of confidence in the airline industry, which has been hit hard by the COVID-19 pandemic.
The Impact of the Largest Shareholder on Delta Airlines
Berkshire Hathaway’s investment in Delta Airlines has helped to stabilize the company’s share price during the COVID-19 pandemic. The company’s long-term investment philosophy also aligns with Delta’s own focus on sustainable growth and profitability. Berkshire Hathaway’s significant stake in Delta Airlines also gives the company a voice in the airline’s decision-making processes, ensuring that shareholder interests are represented.
Other Major Shareholders of Delta Airlines
Other major shareholders of Delta Airlines include Vanguard Group, BlackRock, and State Street Corporation. These institutional investors also own a significant portion of the company’s outstanding shares and have a say in the company’s decision-making processes. However, none of these investors have a stake in Delta Airlines that is as large as Berkshire Hathaway’s.
The Role of Shareholders in Delta Airlines’ Decision Making
Delta Airlines’ shareholders play an important role in the company’s decision-making processes. Shareholders have the right to vote on major decisions, such as the appointment of the board of directors, and can also voice their opinions on the company’s strategic direction. Delta Airlines’ management team is accountable to its shareholders, and the company’s board of directors is responsible for representing shareholder interests.
The Future of Delta Airlines and its Shareholders
The future of Delta Airlines is uncertain, given the ongoing impact of the COVID-19 pandemic on the airline industry. However, the company has taken steps to mitigate the impact of the pandemic, including reducing costs and increasing liquidity. Delta Airlines’ shareholders will play an important role in the company’s recovery and future growth, as the airline industry adapts to a new normal.
Conclusion: The Significance of Delta Airlines’ Largest Shareholder
Berkshire Hathaway’s significant stake in Delta Airlines highlights the importance of shareholder engagement in the airline industry. As the largest shareholder, Berkshire Hathaway has a significant say in the company’s decision-making processes, ensuring that shareholder interests are represented. Delta Airlines’ other major shareholders also play an important role in the company’s growth and success, as the airline industry faces unprecedented challenges in the wake of the COVID-19 pandemic.
References: Sources and Additional Information
- Delta Airlines. (2021). About Delta. Retrieved from https://www.delta.com/us/en/about-delta
- Delta Airlines. (2021). Shareholder Services. Retrieved from
- Investopedia. (2021). Berkshire Hathaway. Retrieved from https://www.investopedia.com/terms/b/berkshire-hathaway.asp
- Yahoo! Finance. (2021). Delta Air Lines, Inc. (DAL). Retrieved from https://finance.yahoo.com/quote/DAL/holders/
