Originally Posted by
Andy
$120M times 365 = $43.8B.
Operating Expenses for 2019 were $39B. Includes $9B in fuel, $2.5B in landing fees and other rent.
Possible, but the $120M/day number looks like it's a bit high. And assumes zero revenue.
I'm sure that the burn rate is insanely high, but $120M/day just sounds a bit too high. My uneducated guess (based on lowering some expenses) is $90-95M/day. Still outrageously bad and $8B is gone in less than 3 months at that rate.
Just for reference, on one of our (Delta) video updates from Managment it was mentioned we were burning approximately $40 million/day. Not sure if that is getting any better now that mass cancellations have begun and we aren’t flying practically empty planes everywhere.