Originally Posted by
TransWorld
That is not what I said, I said Cash plus Unencumbered Assets plus ENCUMBERED Assets. You did not add in the encumbered assets (which are not specified here).
Good catch thanks! I’m too lazy to look all that up but that would put AA and Spirit in better shape with a newer fleets. And SWA’s older fleet would be a hit. One could argue the need for a new fleet at this point in time.