use the provided financial statements, your financial analysis tools, and financial ratios to compare Delta Airlines to United Airlines and explain how it impacts the airline industry.

please disregard the ratios portion of the question

DELTA AIR LINES, INC. Consolidated Balance Sheets (in millions, except share data) ASSETS Current Assets: Cash and cash equivalents Short-term investments Accounts receivable, net of an allowance for uncollectible accounts of $23 and $50 Fuel, expendable parts and supplies inventories, net of an allowance for obsolescence of \$136 and $176 Prepaid expenses and other Total current assets Noncurrent Assets: Property and equipment, net of accumalated depreciation and amortization of $20,370 and \$18,671 Operating lease right-of-use assets Goodwill Identifiable intangibles, net of aceumulated amortization of $902 and 5893 Equity investments Deferred income taxes, thet Other noncurrent assets Total noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Current maturities of debt and finance leases Current maturities of operating leases Air traffic liability Accotnts payable Acerued salarics and related benefits Loyalty program deferred revenue Fuel card obligation Other accrued liabilities Total current liabilities Noncurrent Liabilities: Debt and finance leases Noncurrent air traffic liability Pension, postretirement and related benefits Loyalty program deferred revenue Noncurrent operating leases Other noncurrent liabilities Total noncurrent liabilities Commitments and Contingencies Stockholders' Equity: Common stock at $0,0001 par value; 1,500,000,000 shares authorized, 651,800,786 and 649,720,387 shares issued Additional paid-in capital Retained earnings/(accumulated deficit) Accumulated other comprehensive loss Treasury stock, at cost, 10,535,033 and 9,752,872 Total stockholders' equity Total liabilities and stockholders' equity DEITA AIR I.INFS. INC DELTA AIR LINES, INC. DELTA AIR LINES. INC. DELTA AIR LINES, INC. Censolidated Statemeats of Stoekholders" Equity UNITED AIRLINES HOLDINGS, INC. STATEMENTS OF CONSOLIDATED OPERATIONS (In millions, except per share amounts) The accompanying Combined Notes to Consolidated Financial Statements are an integral part of these statements. able of Contants UNITED AIRLINES HOLDINGS, INC. STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS) (In millions) UNITED ARLIVES HOLDINGS, INC. CONSOLIDNTED B.AL.ANCE SHEETS ([n millions, fsecpi shares] Assets Ciment iaseta Cadi aral canh cuunalenes Shot-lerm inveoltente Rettisisd cach Prepaid exposes and orher Torial cumber aniete Operatiag preperty mad equipment: Fish ovaipencul Ohbe propery and oquipenest Panctaie deposite foe flighit equigreav Total eperating property and equiprost Lens-Accumelated Siprectation and amertization Totil epirateg property and eqtipment, net Oparating kave nehil-of-us anowe Oher assele: Gicodwill Intangiblss. less accimalacd amonionon (202251.472:2021 - 51.344) Reitricted caih Defomod inverse caves 20213422 Toun weher weses. Teal asacte UNTTED MRRUVES HOLDINGS, INC. CONSOLADATED BAL.ANCE SHEETS (Is millioss, escope shares] L.AM31.TIRS ANE SIOCKEOL.DERS' EQUTY Accoints payable Aecrand ialarics and henefitu A. Aance ticket salion Froyvest flyar deforted revenox Curomi matieities ef lanz tean debt Currunt maturitica of ocher financial lishiltion Current mahuritics of cocreliag lietios Currant maturitic of finance leaicm Cwher Jotal cunen liakleis Lozo term dibe Lofg-torm oHligetiona under aycreies lnowes Latg-tern olizitioem onder fmanae leases Other liabelaies and defernd credis: Fispusat flyer deficred revetre Pension liahility Pentruiteneet bencfit libling Ohet financial liatilitices. Oeher Foial edier liabulties and defernd ctidn. Cemetilaknte and comtegencies Sickkhiders' eyuiby: Pieferred alok 2021, neipoutrech Aditional copilsl iwesicd Sock held in trearery, at coe Retaised earninpe Total sekhbolders' epaity Total liabilities and soskloldess' equisy UNITED AIRLINES HOLDINGS, INC. STATEMENTS OF CONSOL.IDATED CASH FLOWS (ta millions) The accoupanying Comhined Notes to Ccesolidated 1 inancial Siatementu ase an iategral pant of these statemens. UNITED AIRLIVES HOLDINGS, INC. STATEMENTS OF CONSOUDATED STOCKHOLDERS' EQQTY (In millions) UNITED AIRLINES, INC. STATEMENTS OF CONSOLIDATED OPERATIONS (In millions) The accompanying Combined Notes to Consolidated Financial Statements are an integral part of these statements. UNITED AIRL.INES. INC. STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS) (In millions) UNTED AIRLINES, INC. CONSOLIDATED BALANCE SHEETS (ta miltioms, esecpe shares) Ass.is Charscot ancta: Cady ard cash squiraknis Shert term inventmeate Renwited cach Receiviles, loss allowance for ceedr lones 2622511:2021528 y 202i8545s. Pecpaid expenses and ocket Toril curren asicta Operating propiny and cquipmont: Fayte equipmont Orhe meverty and equipmest Punetaie deposits for flidit oquipusets Total operating peoperty and tquiptone Lew Mreumelated dopeciation and amertioation Total eperating proporty and eyaipnouc, act Opcratine kewe Ehchitef-use akwes Ocher ausrts: Goodwill Irringibisx lese secumalned antorization (2022$1.4721.2021$1,344) Reitroicd canl Defiemnd incume tasee locstroone in affilietes axd oter. less allowasce for crodit hosen (202t-521: 20214621] Tocal other awert Tetal asers: UNITED AIRLINES, INC. CONSOL.IDNTED BAI.ANCE SHEETS (tn mallioss, execpe shares) L.AB.TIES AND SIOCKHOL.DE'' EOUTY Carreat liatilitica: Accounith payable Accried waluics and bendit Advance ticket aile: Frequecat fyer deferred revertac Curren malurities of lonze-term dobl Curteth matieities af othat financial liakiris Curnent maturities af cocrutiac kases Current maturitice ef finunce Isaice Crher Jotal cerrat liahilitis Latg-term dob! Lofthratm ofiguticed ander egcreise kease. Lomy-term otizations under f nanve leases Oher liabsities and deforred credis: Froqueal flyor deferted revenct Peroioe liability Pestretirement bios fit liahlify Oeher finaneid liastilition Crker Total cefer liabilitiss and defstrod ctsdius Commianonts and contegenciss Swakholder's equity: cubitanding 1,000 hares an Decconber 31,2022 and 2021 Mbitional cepial imented Retsined earning Ascuwitated other comphtiensive inconc (thas) Pryable to gence Joial sacklolibers cydity Tetal liabifities and sockbolobit' equity. The accompasying Combined Notes to Consolislated Financial Seatemente ane an intepral purt of these statementsi rablegishanun UNIID MRLINES, INC. STATEMENTS OF CONSOLIDATED STOCKHOL.DER'S EQTTY (1n millieas) DELTA AIR LINES, INC. Consolidated Balance Sheets (in millions, except share data) ASSETS Current Assets: Cash and cash equivalents Short-term investments Accounts receivable, net of an allowance for uncollectible accounts of $23 and $50 Fuel, expendable parts and supplies inventories, net of an allowance for obsolescence of \$136 and $176 Prepaid expenses and other Total current assets Noncurrent Assets: Property and equipment, net of accumalated depreciation and amortization of $20,370 and \$18,671 Operating lease right-of-use assets Goodwill Identifiable intangibles, net of aceumulated amortization of $902 and 5893 Equity investments Deferred income taxes, thet Other noncurrent assets Total noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Current maturities of debt and finance leases Current maturities of operating leases Air traffic liability Accotnts payable Acerued salarics and related benefits Loyalty program deferred revenue Fuel card obligation Other accrued liabilities Total current liabilities Noncurrent Liabilities: Debt and finance leases Noncurrent air traffic liability Pension, postretirement and related benefits Loyalty program deferred revenue Noncurrent operating leases Other noncurrent liabilities Total noncurrent liabilities Commitments and Contingencies Stockholders' Equity: Common stock at $0,0001 par value; 1,500,000,000 shares authorized, 651,800,786 and 649,720,387 shares issued Additional paid-in capital Retained earnings/(accumulated deficit) Accumulated other comprehensive loss Treasury stock, at cost, 10,535,033 and 9,752,872 Total stockholders' equity Total liabilities and stockholders' equity DEITA AIR I.INFS. INC DELTA AIR LINES, INC. DELTA AIR LINES. INC. DELTA AIR LINES, INC. Censolidated Statemeats of Stoekholders" Equity UNITED AIRLINES HOLDINGS, INC. STATEMENTS OF CONSOLIDATED OPERATIONS (In millions, except per share amounts) The accompanying Combined Notes to Consolidated Financial Statements are an integral part of these statements. able of Contants UNITED AIRLINES HOLDINGS, INC. STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS) (In millions) UNITED ARLIVES HOLDINGS, INC. CONSOLIDNTED B.AL.ANCE SHEETS ([n millions, fsecpi shares] Assets Ciment iaseta Cadi aral canh cuunalenes Shot-lerm inveoltente Rettisisd cach Prepaid exposes and orher Torial cumber aniete Operatiag preperty mad equipment: Fish ovaipencul Ohbe propery and oquipenest Panctaie deposite foe flighit equigreav Total eperating property and equiprost Lens-Accumelated Siprectation and amertization Totil epirateg property and eqtipment, net Oparating kave nehil-of-us anowe Oher assele: Gicodwill Intangiblss. less accimalacd amonionon (202251.472:2021 - 51.344) Reitricted caih Defomod inverse caves 20213422 Toun weher weses. Teal asacte UNTTED MRRUVES HOLDINGS, INC. CONSOLADATED BAL.ANCE SHEETS (Is millioss, escope shares] L.AM31.TIRS ANE SIOCKEOL.DERS' EQUTY Accoints payable Aecrand ialarics and henefitu A. Aance ticket salion Froyvest flyar deforted revenox Curomi matieities ef lanz tean debt Currunt maturitica of ocher financial lishiltion Current mahuritics of cocreliag lietios Currant maturitic of finance leaicm Cwher Jotal cunen liakleis Lozo term dibe Lofg-torm oHligetiona under aycreies lnowes Latg-tern olizitioem onder fmanae leases Other liabelaies and defernd credis: Fispusat flyer deficred revetre Pension liahility Pentruiteneet bencfit libling Ohet financial liatilitices. Oeher Foial edier liabulties and defernd ctidn. Cemetilaknte and comtegencies Sickkhiders' eyuiby: Pieferred alok 2021, neipoutrech Aditional copilsl iwesicd Sock held in trearery, at coe Retaised earninpe Total sekhbolders' epaity Total liabilities and soskloldess' equisy UNITED AIRLINES HOLDINGS, INC. STATEMENTS OF CONSOL.IDATED CASH FLOWS (ta millions) The accoupanying Comhined Notes to Ccesolidated 1 inancial Siatementu ase an iategral pant of these statemens. UNITED AIRLIVES HOLDINGS, INC. STATEMENTS OF CONSOUDATED STOCKHOLDERS' EQQTY (In millions) UNITED AIRLINES, INC. STATEMENTS OF CONSOLIDATED OPERATIONS (In millions) The accompanying Combined Notes to Consolidated Financial Statements are an integral part of these statements. UNITED AIRL.INES. INC. STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS) (In millions) UNTED AIRLINES, INC. CONSOLIDATED BALANCE SHEETS (ta miltioms, esecpe shares) Ass.is Charscot ancta: Cady ard cash squiraknis Shert term inventmeate Renwited cach Receiviles, loss allowance for ceedr lones 2622511:2021528 y 202i8545s. Pecpaid expenses and ocket Toril curren asicta Operating propiny and cquipmont: Fayte equipmont Orhe meverty and equipmest Punetaie deposits for flidit oquipusets Total operating peoperty and tquiptone Lew Mreumelated dopeciation and amertioation Total eperating proporty and eyaipnouc, act Opcratine kewe Ehchitef-use akwes Ocher ausrts: Goodwill Irringibisx lese secumalned antorization (2022$1.4721.2021$1,344) Reitroicd canl Defiemnd incume tasee locstroone in affilietes axd oter. less allowasce for crodit hosen (202t-521: 20214621] Tocal other awert Tetal asers: UNITED AIRLINES, INC. CONSOL.IDNTED BAI.ANCE SHEETS (tn mallioss, execpe shares) L.AB.TIES AND SIOCKHOL.DE'' EOUTY Carreat liatilitica: Accounith payable Accried waluics and bendit Advance ticket aile: Frequecat fyer deferred revertac Curren malurities of lonze-term dobl Curteth matieities af othat financial liakiris Curnent maturities af cocrutiac kases Current maturitice ef finunce Isaice Crher Jotal cerrat liahilitis Latg-term dob! Lofthratm ofiguticed ander egcreise kease. Lomy-term otizations under f nanve leases Oher liabsities and deforred credis: Froqueal flyor deferted revenct Peroioe liability Pestretirement bios fit liahlify Oeher finaneid liastilition Crker Total cefer liabilitiss and defstrod ctsdius Commianonts and contegenciss Swakholder's equity: cubitanding 1,000 hares an Decconber 31,2022 and 2021 Mbitional cepial imented Retsined earning Ascuwitated other comphtiensive inconc (thas) Pryable to gence Joial sacklolibers cydity Tetal liabifities and sockbolobit' equity. The accompasying Combined Notes to Consolislated Financial Seatemente ane an intepral purt of these statementsi rablegishanun UNIID MRLINES, INC. STATEMENTS OF CONSOLIDATED STOCKHOL.DER'S EQTTY (1n millieas)