Originally Posted by
victormike
Discuss:
CNBC: American Airlines plans $5 billion bond sale backed by frequent flyer program to pay back other debt- March 8, 2021
https://www.cnbc.com/2021/03/08/amer...r-program.html
Sounds like AA doesn't like the government's money. Do we have any assets left to leverage?
Is this a good thing though? I am not nearly smart enough for this kind of high level finance, hence why I pay a guy, but it would seem to me that borrowing 5 Billion to pay back 500 million seems odd. I mean I understand they will use that money to stay afloat, but a company already leading the pack in debt borrowing even more seems unsustainable.