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/biz/ - Business & Finance

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19360368 No.19360368 [Reply] [Original]

Delta paid $1.9 billion last year to own 20% of LATAM, Which makes DAL the no.2 shareholder in LATAM which just filed for bankruptcy.

LATAM closed -37% today.
DAL closed +12%

How will this affect DAL?

>> No.19360391

>>19360368
it won't b/c LATAM is like a shitcoin and DAL is like bitcoin in this example. though it isn't but it is for this example.

>> No.19360392

>>19360368
This has nothing to do with chainlink

>> No.19360474

>>19360391
wut

>> No.19360520

The bullish case for airlines is a government bailout. Adding more toxic debt to something that is assumed to be fully bailed out at any cost doesn't particularly matter.

>> No.19360538

>>19360368
Interesting point. Companies own equity in each other and claim it one their balance sheets. Thousands of companies are already going bankrupt. It's going to be a shitshow when these start a dominoe effect of businesses and banks going under.

>> No.19360550

>>19360538
This is interesting