Debt should not be viewed as a stand alone number. Viewing debt as a percentage of revenue is more appropriate. $2.2B in debt and $100M in revenue? Bad. $2.2B in total debt and $1.59B in annual revenue? Not bad at all. They're still posting profits after servicing that debt. Obviously, less debt would be great but I don't view this as a big, dark cloud.

Also, keep in mind the relative age of the company. It takes some time to overcome start up costs. You can't pay off an A320 in 3 years. Look at some other start up companies, I think Amazon just posted their first profit this year. For countries compare GDP to debt.

That being said, some word from the top on where this is going would be nice.