Originally Posted by
Al Czervik
2020 Earnings (loss)
AA
4Q (2.2B)
2020 (8.9B)
DL
4Q (755m)
2020 (12.39B)
UAL
4Q (1.9B)
2020 (7.07B)
AA ended 2020 with 14B in liquidity and access to an additional 7.5B in loans.
That is incorrect, AA ended 2020 with roughly 8.2B* in liquidity and access to an additional 7.5B in federal loans (500m of which they have already withdrew). That is how they are coming up with their liquidity number.
*Edited because I had to go back to the balance sheet to add it up