Tuesday, April 7, 2020

达美航空:巴菲特减持

Here is the link.

2004 almost bankrupt, 2005 Delta filed bankrupt.

2007 left bankrupt status.

2019 5 billion net income. Buyback stocks, easy money, and there are a few billion dollars net income.

April 30, 2020 - $6000 million dollar loss/ daily, 1.8 billion/ month, stock price $57.00 -> $22.00

1600 planes, 90,000 employees furlough - No. 1 airline may have to get bankrupt. 1200 planes stop service.




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