Originally Posted by
Mesabah
The buy backs mean Delta has too much money. You never want to be in a situation where the company's assets exceed the market value of a public company. The best route would have been to return the $6billion to the employee group in terms of back pay restoration for the bankruptcy concessions. Most shareholders are institutions that jumped on the bandwagon lately, and received a 300% gain, meanwhile employees still are down 50% on their investment in the company(concessions) during the lost decade. Also, why can't they buy surfaces for Endeavor pilots, Jesus!
Excellent Analysis^^^^. Let me ask you a question. Why are Delta's Liabilities so high? The number reminds me of a situation that involves a person making $50k dollars a year and buying a $1Million dollar house. Something makes my stomach feel upset when I look at this. I always hear MGMT bragging about lowering the debt, but in reality, if you look deep, you will see Mr. Anderson has our TOTAL liabilities increasing year by year. UAL is in the mid 30s and AA is 41.
Total Liabilities 45,308,000
TEN