Delta Airlines Company Analysis;PLEASE USE THE ATTACHED SAMPLE AS GUIDELINE Business Description – Discuss how the company makes money or generates cash flow Recommendation – Buy or Sell and why? Detailed Capital Structure and or Org Structure – Show l

/in /by

PLEASE USE THE ATTACHED SAMPLE AS GUIDELINE

Business Description – Discuss how the company makes money or generates cash flow

Recommendation – Buy or Sell and why?

Detailed Capital Structure and or Org Structure – Show leverage metrics and the different bonds/ loans and their coupons.

Discussion on Liquidity

Discussion on the 4Cs

List Strengths and Weaknesses

Valuation – Base, Bull, Bear Case

Discussion on Recovery of the Bonds or Loans in Bear or Downside Scenario

Management Discussion

Financial Discussion – Sustainability of Cash Flows, Interest Coverage, Debt/EBITDA, Working capital, Capex

Relative Value Discussion – Comparing your company vs. peers and vs. the industry