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jmlinden7 t1_iyipnyz wrote

Reply to comment by hamiltonisoverrat3d in [OC] Delta airline's Q2 financial statement visualised by giteam

Planes aren't a cost. If you spend $100 million in cash for a $100 million plane, your total assets are still at $100 million. However, planes depreciate over time, which is a cost. When that $100 million plane depreciates so it's only worth $90 million, that $10 million drop in value from depreciation is a cost.

For any rented planes, they'd be accounted for in the 'aircraft rent' category.

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