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Southwestern Delta 2021 2022 2021 2022 # leased aircraft -- finance leases $70 $36 $82 $86 # leased aircraft - operating leases $59 $58 $107

Southwestern Delta
2021 2022 2021 2022
# leased aircraft -- finance leases $70 $36 $82 $86
# leased aircraft - operating leases $59 $58 $107 $108
# owned aircraft $599 $676 $627 $708
Total # aircraft $728 $770 $816 $902
Percent of aircraft
Leased under finance leases 9.61% 4.67% 10.05% 9.53%
Leased under operating leases 8.10% 7.53% 13.11% 11.97%
Owned 82.28% 87.79% 76.83% 78.49%
Total assets $36,320 $35,369 $72,469 $72,888
Asset for leased aircraft $2,146 $1,691 $8,833 $8,523
Asset for leased aircraft as % of total assets 5.81% 4.78% 12.19% 11.69%
Total liabilities $25,906 $24,682 $68,582 $65,706
Liabilities under aircraft leases $2,013 $1,532 $9,595 $9,229
Liability under aircraft leases as a percent of total liabilities 7.77% 6.20% 13.99% 14.05%
Operating lease costs in dollars $204 $188 $863 $949
Total future payments under
Financing leases $512 $210 $2,015 $1,791
Operating leases $1,795 $1,555 $9,751 $9,809

2)Compare how reliant the two companies are on operating leases, financing leases, and ownership of planes. Are they similar, or do you see significant differences? Explain.

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