Yes, that is accurate. What I am saying is that it is liquidity number they are accounting for the in press release is INCLUSIVE of the loan that they have yet to exercise from the government which is ~$7.5B. The previous post said it was $14.3B + the additional $7.5b in loans. That part is not true.

Liquidity on the balance sheet is typically Cash+Short term investments = Liquidity. In this case it’s roughly $6.8B plus the additional loans available to AAL. Sometimes this calculation includes net accounts receivable, which is how I came up with my number of 8.2 in my previous post.

In this case, 2020 was ended with $245M in cash, $6619M in short term investments. This means AAL has $6864m in liquidity, plus the additional $7.5B in loans that are available but not yet drawn. Approximately $14.3B.*

FWIW AAL rounds significantly so the numbers never exactly add up. Regardless, even on their “current assets” which are assets that may be sold in ~1 years time, American currently only has 11b on its books. They have to be including the CARES loan they haven’t utilized in their “liquidity” estimate.

*I had to edit this a few time to make some adjustments. I was able to get it add up regardless.