Yahoo finance shows this as having an 11 billion market cap but the balance sheet has over 10 billion in cash. Only 1 billion for the rest of the airline. Am I missing something?
The Yahoo number are bogus. 742M shares @$33. yes they do have $10.3B in cash.
That's a good question. I'm wondering - do they still have 10 billion in cash, after spending over 2 billion on merger costs over the past months?
Also, why in the world does Yahoo show a NEGATIVE $23 book value for this stock? Are they saying that presently, the company actually has a negative value per share?