Originally Posted by
DAL4EVER
If you do some history you will find that nearly the entire 7 billion was in related to right downs in good will on the stock and other accounting items. Very little was due to actual losses. If you read further, you will see our cash liquidity actually went up. All things considered this was a huge feat to accomplish. Wall St. is impressed too as the stock is up nearly 10%. If they were worried like you were, the stock would be getting hammered right now.
I realize that cash liquidity rose and that Wall St. is happy. I also know that Delta is projected to start hiring in the fall. However, Comair is projected to start furloughing at the same time. So my hope is that these will be the last of the one time items and maybe, just maybe, there will be better times ahead for the wholly owned.