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Originally Posted by PilotFrog
(Post 3098078)
Am I reading it correctly that Delta has $11.8B in Cash, United has $6.6B, and American has $467M?!?
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Originally Posted by AAL24
(Post 3098107)
AAL currently has 10.2 Billion liquidity and they are about to close another 6 billion in financing (cares loan + debt offering). So roughly 16 billion. They just reported on the conference call today that they can borrow an additional 4 billion against acft and I believe it was around 6 more against the mileage plan if needed.
Cripe! It's the Gorilla in the room of massive debt potential. Thanks for the update. |
Originally Posted by The Rover
(Post 3097969)
I think the key take away on this is that Delta owns large shares of most if not all of our JV partners. I know it sounds crazy, but some airlines just have JV's without buying part of the other company.
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Originally Posted by The Rover
(Post 3097969)
I think the key take away on this is that Delta owns large shares of most if not all of our JV partners. I know it sounds crazy, but some airlines just have JV's without buying part of the other company.
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[QUOTE=Trip7;3098070
Take aways: Even with 60% Caps, Delta has produced positive Cashflow of $68 Million from Operations in 2020. UAL has lost $67 million and AAL a whopping $1.07 Billion. Free Cash flow, which is Operating Cashflow minus Capital Expenses, was -$1.1 Billion for Delta, -$2.07 Billion for United, and -$2.3 Billion for American [/QUOTE] Out of all of the information available, these are the key numbers. Management is focused on two things: making sure the operations ard generating cash, and being free cash flow positive by the end of the year. The first part is accomplished and the second is within reach as long as traffic starts growing again at some point between now and the end of the year. |
Originally Posted by m3113n1a1
(Post 3098000)
United took big write downs in Q1, we took more in Q2.
Overall, the most important number to look at is cash burn and then liquidity. United is winning the race, but we're all basically in the same zone. American looks the most at risk, but not excessively so. |
Originally Posted by AUP09
(Post 3098158)
Out of all of the information available, these are the key numbers. Management is focused on two things: making sure the operations ard generating cash, and being free cash flow positive by the end of the year. The first part is accomplished and the second is within reach as long as traffic starts growing again at some point between now and the end of the year.
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Originally Posted by DELTAFO
(Post 3098173)
I think the second part will be accomplished largely by staffing reductions.
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Originally Posted by AUP09
(Post 3098174)
Actually, we cannot reduce costs enough to be free cash flow positive - the gap is just too big and costs are going to start rising (we are at cost bottom now). It can only be accomplished through more revenue.
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Originally Posted by TED74
(Post 3098200)
I guess I would have thought 1 October would be the cost bottom, when thousands of Delta employees hit the street or take massive pay cuts. What makes the current moment the cost bottom?
(filler) |
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