Virgin America 2nd Q numbers

[MALSR]

Cash on hand doesn't mean $hit. For example, you may think that Alaska has good cash on hand, over 1 billion. Actually Alaska Airlines is practically broke when you look at their debt-to-capital ratio of 81 percent.

 

[QCappy]

Cash on hand doesn't mean $hit. For example, you may think that Alaska has good cash on hand, over 1 billion. Actually Alaska Airlines is practically broke when you look at their debt-to-capital ratio of 81 percent.

Which is one of the best ratios in the business.

What's your debt/capital ratio?

Cash on hand means a whole bunch if your cash flow isn't keeping up with expenses.