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Berkshire Hathaway sells part of stakes in Delta, Southwest airlines

Berkshire Hathaway Inc. sold 12,986,204 of its shares in Delta Air Lines Inc. for about $314 million, and 2,314,249 of its shares in Southwest Airlines Co. for about $74 million.

Berkshire held 11.28% of the total shares of Delta Air Lines, and 10.37% of Southwest Airlines before the stock sale.

The stock sale comes amid the coronavirus pandemic driving the airline industry into perhaps its biggest crisis ever, Reuters reported April 3.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.