Originally Posted by
RippinClapBombs
The glass houses remark was spot on. AAL produced 14.9B in revenue—Alaska 3.3B. Alaska holds 7B in debt and nearly matches AALs revenue to debt ratio.
.
These numbers are wildly inaccurate or seem to be disingenuous. Not that I care or have any dog in this glass houses fight.
But applying the logic I think you are, to get to that 7 billion debt number (lease obligations,uetr, etc.) Americans debt or total obligations would be closer to the 45 to 50 billion dollar debt range.
Either way you slice it AAs net debt to EBITDA ratio is worse than Alaska’s. Americans is roughly 4 while Alaska's is at about 3. Saying Alaska balance sheet is the same as AAs isn’t accurate.