General,
true, but why would they keep so much cash on hand..... over 2 billion in cash and equivalents (short term). Why has Comair and ASA not been sold. Delta could spin off ASA and Comair to shareholders and the value to DAL investors would skyrocket. After the spinoff, Delta could declare ch.11 and not feel bad about it, except to the unsecured creditors. However, they really need to sell at least one of the two before they enter bankruptcy. I agree there is a big deficit in liabilities and assets..... but still do not understand why they are paying so much to hold onto excess cash if they can't afford it.
true, but why would they keep so much cash on hand..... over 2 billion in cash and equivalents (short term). Why has Comair and ASA not been sold. Delta could spin off ASA and Comair to shareholders and the value to DAL investors would skyrocket. After the spinoff, Delta could declare ch.11 and not feel bad about it, except to the unsecured creditors. However, they really need to sell at least one of the two before they enter bankruptcy. I agree there is a big deficit in liabilities and assets..... but still do not understand why they are paying so much to hold onto excess cash if they can't afford it.