Originally Posted by
LAX Pilot
Didn't you hear? Now that United has paid off most of the CAL debt, they want to start paying dividends to shareholders....
So we must be profitable already.
In the interest of accuracy, at the time of the merger UAL had $5.480 billion in long term debt financed at fixed interest rates of 6.64% to 12%.
CAL had a bit more at $5.609 billion but lower average interest rates of 4.75% to 9.25%.
I'm hoping they paid off the 9.25% and 12% first regardless of whose debt it was.