Originally Posted by
Geronimo4497
AMR has a massive amount of debt on hand; not so good.
As of Jan 23,2007
On an earnings call last week, AMR chief financial officer Thomas Horton told analysts that repairing AMR's debt-heavy balance sheet "is a big priority" for the company.
"We made a lot of progress in 2006, and we are going to keep working on that in 2007," he said.
AMR reduced its total debt from $20.1 billion at the end of 2005 to $18.4 billion on Dec. 31. Net debt – its debt, minus unrestricted cash and short-term investments – dropped to $13.6 billion from $16.3 billion during 2006.