scoop.co.nz 17 Mar, 2021 19:15 am

Delta Airlines $72B Total Assets Largest Among Airlines, Revenue In 2020 Down By 174% Due To COVID-19

Delta Airlines $72B Total Assets Largest Among Airlines, Revenue In 2020 Down By 174% Due To COVID-19
The airline industry is one of the hardest-hit industries by the COVID-19 pandemic. Air passenger traffic declined by historic levels as countries shut their borders in a bid to protect their citizens from the pandemic. According to data presented ...

In terms of total assets, Delta has the largest, holding assets of an estimated $72B as of Feb 2021.Southwest Airlines is the only other USA based airline on the top 10 list with total assets of almost $27B.Asia is represented three times on the top ten list with China Southern leading the way with almost $36B in total assets.Qatar Airways is the lone airline from the Middle East to make the top 10 list with total assets of $27.

Delta’s large holdings in total assets did not make the company immune to the effects of the pandemic on the entire industry.Despite holding the largest amount of total assets, Delta owned only the third-largest share of the market among airlines from the USA with 15.

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