Working.docx - Profits margins have increased 20% from 2018...

Profits margins have increased 20% from 2018 to 2019, which is positive. But in 2020, the profits have
decreased by 351%, which is a huge loss for Delta Airlines. The main reason for this is the decrease in
revenues, which will decrease the operating income. The non-operating expenses were also increased.
These were the main reasons for the decrease in profit margins.
As we have seen from the figures, in 2019, the numbers were good. But in 2020, revenues have
decreased, and the other main reason was the increase in fuel price per gallon from 2.02 to 2.20. the
increase in fuel prices will definitely affect the profit margins.
In 2019 working capital was negative 11,955, which is very risky; the liabilities were much higher than
the assets; Delta Airlines should focus on this ratio. The liabilities have decreased amazingly in the next
year, and working capital is positive 1,477. Current and quick ratios showed good figures in 2020, but
ROA and ROE were negative in 2020.