Originally Posted by
Excargodog
The debt and financing problem is a general one for all junk rated companies - which is MOST of the US industry unfortunately - COVID was not kind to the airlines despite PSP.
That certainly includes NK. The era of cheap money is over - at least for awhile.
Doubtful AA group becomes a LBO target. So money's tight as titanic notes cruise into icy waters. OTOH, did Chrysler sink? Bear Sterns? AIG? Course corrections are ahead, they always are. American lives to see a new day and fresh fiascos. Right after the handicappers who thought they knew everything unload their worthless tickets onto hapless taxpayers incapable of shouldering the responsibility of democratic privilege.