David Strine
David Strine
additional analysis cash delta fourth level reach risk
Our cash-burn analysis has implied that Delta would reach a bankruptcy-risk cash level by (the fourth quarter) without additional liquidity.
airline business commodity destroys equivalent extremely fixed goes high industry investing nature note perhaps saying
Perhaps it goes without saying these days, but we must note that the high fixed cost, commodity equivalent nature of the airline business makes investing in the equities extremely risky. Over the long term, the industry destroys shareholder value.
aggressive believe capacity denver expansion next plans triple
We believe expansion plans in Denver are aggressive and that Southwest capacity will more than triple in the next two years.