re: Delta suspends dividend, borrows 2.6 billion dollars

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Well, not quite. They have 2.9B in cash and 8.5B in current assets according to their most recent 10-K (see consolidated balance sheet on page 53).

LINK

I'm not saying it's a good buy or anything, but I checked the math, and none of the calculations you've provided are correct.

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Dude, that was as of 12/31/2019, a shite ton has happened since then, mainly terrible for airlines. That's why many companies have fully drawn their credit lines before they get locked out.

ETA, and DAL did screw their shareholders last time something big happened to them. Maybe the govt does bail them out, but not the stock holders.

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Well, not quite. They have 2.9B in cash and 8.5B in current assets according to their most recent 10-K (see consolidated balance sheet on page 53).

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That doesn't mean much unless you compare it to their liabilities.

They have $29 bil in current liabilities, and $49 bil in total liabilities.

There's no mistake about it, they are leveraged to the teeth.