Delta Air Lines is one of the major airlines in the United States and the world. It provides passengers and cargo services for 219 domestic U.S. cities as well as 53 international cities in 35 countries. It operates a fleet of 845 aircraft and is headquartered in Atlanta, Georgia. Delta reported the following financial data (in millions) for the year ended December 31, 2004:
Net cash flows from operating activities . $(1,123)
Cash, December 31, 2004 ......... 1,811

a. Determine the monthly cash expenses. Round to one decimal place.
b. Determine the ratio of cash to monthly expenses. Round to one decimal place.
c. Based upon your analysis, do you believe that Delta will remain in business?

  • CreatedMay 29, 2012
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