Originally Posted by
sailingfun
Delta has had good access to capital however if you look at the rates they have been paying they have been high. The last refi a few weeks ago was at a significantly lower rate then we were getting just a year earlier. I have a personal line of credit at a much better rate then Delta can get. We still have a ways to go before they can command the best rates.
Not to mention that "the best rates" can become horrible if the FED doesn't continue to artificially hold rates down. I believe,if memory serves, Bernanke is only holding them down until the beginning of 2013. That's a reason for DAL to lock in its costs quickly. Remember, RA is on the Atlanta federal reserve board. He has publicly stated the word "hyperinflation."