Originally Posted by
Monkeyfly
And $1Billion of that $6Billion is in a Line of Credit.
Annual report 2010 (first post-merger) has us at $8.68Billion in Cash and short term investments; Annual report 2013 has us at $5.12Billion in cash and short term investments.
Jeff must have the BOD hypnotized.
Merging takes a lot of cash, especially if they make bad decisions and have to fix what they decided.
Given our new aircraft orders for the next decade, we will be essentially cash flow break even at best.
Paying down debt is a good thing, and so far the plan to return cash to shareholders is going nowhere.
Given all that, I'm not surprised our cash balance has gone down. However at this point in the merger we should be net cash positive like Delta is, and we are far from that.