Delta Air Lines

DAL

Market cap $54.9B

Berkshire Hathaway's (NYSE:BRK) (NYSE:BRK) successor to legendary investor Warren Buffett revealed three new stock picks made in the first quarter. One of those choices — the first made by Greg Abel as CEO — was an airline company battling with Elon Musk, the world's richest man.

Shares of travel names Delta, United and MGM were among the S&P 500's biggest gainers on Wednesday. But one strategist called the market's optimism misplaced.

The airline sector has finally put the Iran war in its wake.

Oil prices retreated below $90 a barrel as markets bet that a U.S.-Iran deal is likely happen soon.

After a tough start to the year, some analysts see airline stocks catching a tailwind soon.

The airline is trying to shore up operations as it heads into the busy summer travel season, when problems can snowball into meltdowns.

The company exited several smaller, distracting positions. Berkshire's new management team appears a little more willing to take risks on seemingly undervalued tickers.

Alaska Airlines launched its new Seattle-to-London route on Thursday, at a testing time for aviation. An executive told Business Insider most airlines are only covering up to 50% of increased fuel costs.

Delta Air Lines (DAL) concluded the recent trading session at $75.63, signifying a +2.04% move from its prior day's close.

Airline stocks are trading higher on Wednesday as falling oil prices ease pressure on an industry that has been squeezed by soaring fuel costs. Here's a look at some of the biggest movers.