Originally Posted by
IAH-OIL-TRASH
I wonder how much of that revenue was from tickets sold for subsequently cancelled flights that saved UA $200MM in OPEX vs DL (having slashed far more flights)? UA might be holding $200MM of ETC credits more than DL as a liability
If it’s actually revenue, then the answer would be none. UA doesn’t get to recognize the revenue until they have delivered the service. Otherwise, it’s a cash asset offset by an ETC liability, but no revenue actually occurs.