Originally Posted by
hockeypilot44
I don't know anything about financials, but based on the size of Delta's profit sharing checks vs United's, I find it hard to believe that United is better off financially than Delta. It seems we're about to find out.
”better off financially” can be defined many ways. In terms of ability to weather this storm with the least amount of financial stress, I would think liquidity and unencumbered assets would be very important. I found a mainstream news source last night (can’t remember which one) that reported Delta has ~5.1b liquidity and 20b unencumbered assets, American with similar liquidity but about half the unencumbered assets, and United 8b liquidity and 20b unencumbered assets. It would be interesting to review a complete analysis of all the airlines including the ULCCs.