UAL Borrows $2 Billion
03-12-2020 | 06:12 AM
#1
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03-12-2020 | 07:50 AM
#4
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I don't know anything about financials, but based on the size of Delta's profit sharing checks vs United's, I find it hard to believe that United is better off financially than Delta. It seems we're about to find out.
03-12-2020 | 07:54 AM
#5
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From: CRJ FO
Maybe our guys were better at hiding the money than yours.
03-12-2020 | 09:39 AM
#7
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From: 737
profit sharing checks have nothing to do with liquidity. UAL has about 8 Billion on tap, the most of the Big three. DAL about 5 Billion albeit less debt
03-12-2020 | 11:47 AM
#8
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”better off financially” can be defined many ways. In terms of ability to weather this storm with the least amount of financial stress, I would think liquidity and unencumbered assets would be very important. I found a mainstream news source last night (can’t remember which one) that reported Delta has ~5.1b liquidity and 20b unencumbered assets, American with similar liquidity but about half the unencumbered assets, and United 8b liquidity and 20b unencumbered assets. It would be interesting to review a complete analysis of all the airlines including the ULCCs.
03-12-2020 | 02:05 PM
#9
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”better off financially” can be defined many ways. In terms of ability to weather this storm with the least amount of financial stress, I would think liquidity and unencumbered assets would be very important. I found a mainstream news source last night (can’t remember which one) that reported Delta has ~5.1b liquidity and 20b unencumbered assets, American with similar liquidity but about half the unencumbered assets, and United 8b liquidity and 20b unencumbered assets. It would be interesting to review a complete analysis of all the airlines including the ULCCs.
debt doesn’t matter unless it is due.
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