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Is debt to equity ratio of 45.93 too high for a legacy airline like delta? Compared to like 2.73 for a smaller airline like spirit.

Is debt to equity ratio of 45.93 too high for a legacy airline like delta? Compared to like 2.73 for a smaller airline like spirit. If I'm attempting to acquire one of them, how would I rational choosing delta? I know that covid is messing things up, so should I mention the previous year to make my case? Thank you. If you have any other insight about why financially delta is healthier I'd appreciate it.

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