Originally Posted by
sailingfun
Could that be Delta has 72 on operating leases?
Yes...I Grammer not so gooder.
For those asking “what’s the difference?”:
Operating lease is treated generally like renting. That means, the lease payments are treated as operating expenses and the asset does not show on the balance sheet. A financial lease is treated like a loan. Here, the asset ownership is considered by the lessee and so asset appears on the balance sheet.