The airline Industry in the USA is struggling to survive during the COVID pandemic crisis. Passenger traffic in July was down around 60% compared to last year. In addition, the airlines are burdened with huge amounts of debt borrowed over the years to buy new planes and to expand into new markets. Here is summary information from the recent income statements and balance sheets for Southwest Airlines, American Airlines and United Airlines Airline Debt Summarynda Which airline do you think is most at risk of going out of business? Your choices are limited to the 3 that I listed above and your answer has to be based on the financial Information provided. Give 2 financial reasons to support your position. Your discussion post is worth 3 points, if you meet the deadline. You will be able to see the responses of your classmates once you post your answer. Southwest Airlines v. American Airlines v. United Airlines Liquidity and Leverage ($'s Millions) Date Category 12/31/2019 Total Revenue for the year Interest Expense Net Profit Cash Short-term Investments (Cash + Short-term Investments)/Total Assets Current Liabilities Non-current Liabilities Total liabilities Total Equity Debt Ratio SWA 22,428 118 2,300 2,548 1,524 15.7% 8,952 7,111 16,063 9,832 62.0% AA 45,768 1,095 1,686 280 3,546 6.4% 18,311 41,802 60,113 -118 100.2% UA 43,259 731 3,009 2,762 2,182 9.4% 14,938 26,142 41,080 11,531 78.1% 6/30/2020 Total Revenue for first six months of 2020 Total Revenue for same period in 2019 Decrease from 2019 to 2020 Net Loss for first six months of 2020 Net Profit for same period in 2019 Cash Short-term Investments (Cash + Short-term Investments)/Total Assets Total liabilities Total Equity Debt Ratio 5,242 11,059 -53% -1,009 1,128 12,351 2,106 40.6% 24,718 10,878 69.4% 10,137 22,544 -55% -4,308 847 462 9,351 15.2% 67,713 -3,169 104.9% 9,454 20,991 -55% -3,331 1,344 6,505 958 13.6% 46,384 8,517 84.5%