IronCityBlue
Blue member (hey wait...)
- Joined
- Feb 5, 2006
- Posts
- 638
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Like I said, there is no tolerance for negative comments about Delta on this forum.
Look General, sometimes a parent has to fact the fact that they have an ugly kid. All the kool aid in the world won't fix your balance sheet.
So which legacy airlines have the best balance sheets, and why?
Let hope that Skybus is one of the next ones.
I think that UAL and a few other mentioned above are in deep doo doo as well.
UAL does have a lot of cash. But they need to because they are bigger than DAL, CAL and NWA, etc. I'm not sure what "metric" is the best for available cash as it relates to size and debt (and other factors) but several analysts have commented recently that DAL, NWA and SWA are best positioned to ride out a tough year, in large part because of their cash. However these same analysts put UAL below those 3, and I'm sure everyone is well aware of UAL's cash position.
So if DAL is better off than UAL, or if UAL is better off than DAL, why, specifically?
For it's size, Skybus was very well capitalized - somewhere around $175M. Unless Skybus' investors (IIRC, there were several Columbus businesses that provided the startup money) pull their money, I don't see them going away any time soon.
UAL had $3.55B cash on hand at the end of Q4. There are others with less.