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I was wondering if any of the flying money gods on this board could post how much money each major has in cash?
I think we are just sitting around waiting for a couple to bleed out... I was just curious who is in the best shape.
NWA 3.09 B
AMR 4.54 B
DAL 2.79 B
UAL 3.55 B
CAL 2.8 B
USAIR 2.17 B
SWA 2.78 B
I think these numbers are accurate, but someone may have a better understanding of how much cash the airlines are bleeding through each day.
Also, the amount of cash in reserve affects all sorts of things like:
-debt rating
-holdback for credit card processors
-interest on certain debts
These figures may seem like a lot, but they are not in today's world. The lower the cash reserves get, the more bad stuff starts happening.
About the only thing that will keep any of these guys out of bankruptcy for long is lower fuel costs. The industry ha proven many times over that it is unwilling to raise prices enough to cover the costs of the service it provides.