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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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