Deleveraging
During the pandemic, to survive, Delta Air Lines (NYSE:DAL) leveraged its balance sheet and took on over $10 billion in debt. Two years later, the company’s earnings are beginning to return to pre-pandemic levels. As a result of this resurgence, Delta Air Lines is now focusing on reducing its debt. As of the end of the second quarter this year, Delta had $21.4 billion in long term debt, which is down from $23.6 billion at the…