Warren Buffett's Berkshire Hathaway Increases Delta Stake During Market Sell-Off

One of Warren Buffett's signature catch phrases is "be greedy when others are fearful." Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) put Buffett's philosophy to work during last week's market plunge, boosting its stake in Delta Air Lines (NYSE: DAL) following the airline stock's 20%-plus fall.

Airline stocks have been among the hardest hit by the COVID-19-related sell-off, with investors worried that concerns about the novel coronavirus will eat into travel demand heading into the peak U.S. summer vacation season. Many large corporations have also suspended non-essential travel.

Image source: Delta Air Lines.

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Source Fool.com