Thank you for the spelling correction. Those numbers are not out of thin air, you have to look beyond the P&L to understand the total amount of liquidity. As I said above - this was my life for 5 years.

Having done all that what we want to be certain is at least in today's environment that we have at least $7 billion of liquidity at any time, that's an enormous amount of cash for a company our size. But that is the cost to our shareholders and it being more levered.
Doug Parker - April 26, 2019