Originally Posted by
jerryleber
No kidding. Nothing like talking down the stock at JP Morgan transportation conference, then weeks later issuing the execs millions in options at the lower stock price just ahead of an optimistic earnings presentation and enjoying the 7% premium when the stock price pops as a result. All legal in America.
UAL paid down $5B in adjusted total debt in Q1 2023.
The fact they paid down debt is somewhat irrelevant unless you know exactly how it was paid down. If it was paid down via revenue earned in Quarter 1Q that’s an amazing performance. Since UAL stock did not soar 30% or more on that announcement I suspect they used capital or assets on hand to payoff that debt. Delta has done much the same. They borrowed cash and hoarded it expecting covid to last far longer than it did. Now that cash flow is stable they are paying it back to reduce interest expense.