4 ms·
This view is a little myopic. American Airlines just took on an additional $10B in debt. Guess what it was backed by? (answer: their loyalty program). The value
by halpert 5y ago
This view is a little myopic. American Airlines just took on an additional $10B in debt. Guess what it was backed by? (answer: their loyalty program). The value of an enterprise takes assets *and* liabilities into account.