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Delta, American Add Billions to Balance Sheet With Lease Rule

March 1, 2019, 5:50 PM

Delta Air Lines Inc. and American Airlines Group Inc. for the first time showed investors financial reports transformed by billions of dollars of planes, warehouses, and office space that they now list on their balance sheets.

The shift was triggered by new accounting rules for leases, which the two airlines adopted in the fourth quarter, according to their annual reports released in February.

Combined, the two airlines brought an additional $16 billion worth of leased assets and related liabilities onto their balance sheets.

The figures are among the first hard numbers investors are seeing before public companies begin reporting under...

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