Originally Posted by
Pineapple Guy
Nope - you obviously didn't do the homework assignment I gave you. Using cash to purchase an asset does not have any impact on PTIX. It is a balance sheet transaction, exchanging one asset (cash) for another (the 49% stake). Zero impact on PTIX.
Pineapple is right on this one.
However, the money could have been used to pay down debt or invest in Delta (airplanes, technology, real estate, employees, etc.) which would have been better for all of us rather than owning 50% of an airline that can do widebody flying for us.