[QUOTE=stbloc;2998220]
Originally Posted by
Name User
Both United and Delta also bought back stock at the highs. In fact, 95% of all corporate buybacks are bought at highs and that cash forever lost.QUOTE]
The difference between them is they have a lot more cash on hand and a LOT less debt. Be interesting to see if they can pay these bonds that are about to mature without government assistance. More assistance is more debt to repay. Slippery slope with all this debt and no revenue coming pin. Doug has been criticized by almost every analyst for years on his strategy and it's really starting to show why. Delta and United will come out fine because they have real management in place who understand the numbers.
Last I looked AA by far has the most cash on hand of the three.
If you're talking cash vs operating expenses, Spirit is by far the most capitalized even though they only have $1b in cash.
No large debt payments due until 2022.