Travel
How Should Delta Airlines Spend $1 Billion?
Yesterday, it was reported that Delta Airlines has taken out a $1 billion loan in anticipation of of its merger with Northwest Airlines. Delta’s CEO, Ed Bastian, was quoted as saying that the loan is intended to “increase our cash balance as we approach the closing of the merger,” and that the money “was not for any operating need” but rather to ensure “full financial flexibility” to move forward with the Northwest merger.
Bull. Shit. Delta needs a billion dollars because they’re fucking up. They charge too much for nothing and their customer service is going down the drain. There’s a Billi in the bank, so we’ve got a few ideas about how they could put it to good use…
Read the rest of the story »
