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Non-Tech : Airline Discussion Board
JETS 23.99-3.5%Nov 17 4:00 PM EST
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From: Sam7/7/2020 9:47:32 AM
1 Recommendation

Recommended By
Moonray

   of 1868
 
Very bearish article on the airlines in general and Delta in particular.

Delta Airlines Has Almost No Value Left
Jul. 7, 2020 8:38 AM ET
Lance Brofman

Summary
  • Without infusions of cash from the government, it is unlikely that any of the legacy airlines could ever get to breakeven as long as Covid-19 is still a factor.
  • The legacy airlines have been burning cash at very high rates per day. This reduces their book values every day.
  • Even without the cash burn and non-cash losses, since March 31, 2019, DAL probably has no shareholder equity left now.
  • Bad news for all of the airlines continues as both international and domestic travel is curtailed.
  • For relatively shorter trips, Covid-19 makes automobiles now much more attractive than air travel. People in cars don’t wear masks, sit near strangers or interact with others in airports.

"At Some Point In The Future Delta Airlines ( DAL) Will Have Its’ Highest Revenue Ever."

That statement is true today and it was absolutely true at all times in the past, since DAL’s predecessor was founded in 1925. However, anyone who bought and held DAL stock before April 2007, now has worthless paper. It is likely that current DAL holders and buyers will suffer a similar fate.

continues at seekingalpha.com
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