Originally Posted by
DoNoHarm
To a casual observer, maybe. But to people that actually understand things like economics, finance, and accounting, things are not bad at all.
How many aircraft do United and Delta have on order that are not on their balance sheet yet? AA has almost zero. It's just a numbers game. AA has the largest fleet and newest fleet, and has already paid off a huge chunk of it. The others will be in a much worse position once they put that debt on their balance sheet.
Err, no. Their situation is like financing 100% (well, over 100% to be exact) of a new car and then bragging how you own a new car, without realizing the moment they drove it from the showroom they were upside down on the finance deal.
Total property and equipment, net
29,797
Total stockholders' deficit
(7,437 )
That's 600 million more in deficit than last year. So AAG situation hasn't improved at all from a pure assets v liabilities standpoint.
Compare it to Delta, Stockholders' Equity: 2,606