To increase liquidity, Delta taps $1B credit line

Facing an expected $600 million in merger-related charges, Delta Air Lines Inc. has drawn $1 billion from a credit line to give it added financial flexibility. Ed Bastian, Delta's president and CFO, stressed that the money is not needed for operations. "We believe we will have more than sufficient cash on hand at the closing to manage the integration process and run the day-to-day business," he said in a memo, noting that the company had $3.7 billion in liquidity at the end of July.

View Full Article in:

Bloomberg Businessweek · Atlanta Journal-Constitution, The · Reuters · Wall Street Journal (free content), The

Published in Brief:

SmartBrief Job Listings for Transportation

Job Title Company Location
Sr Analyst – Hub Structures / Network Optimization
American Airlines
Fort Worth, TX
Area General Manager
Aircraft Service International Group
San Francisco, CA
Director, Workforce
AIA
Arlington, VA
Sr. Data Warehouse Developer
US Airways
Phoenix, AZ
Senior Specialist Airport Leadership Development
Alaska Airlines
Seattle, WA