Yup. You can actually buy several European airlines with that kind of money.
For example, you can buy KLM Air france for less than $3B.
It is a profitable business that does $30B in sales and $1B in profit. (and has been profitable since for the past 4-5 years)
Airlines are down there amongst cinema chains and video game retail stores in terms of being terrible businesses
"$30B in sales and $1B in profit."
This margin seems terrible.
It has $40B in liabilities.
[PDF] https://www.airfranceklm.com/sites/default/files/2026-02/202...