Originally Posted by
Beacon32
Didn’t CAL have close to 6 billion in debt when United merged with them in 2010? Not sure what that’d be in today’s dollars but that was a hefty amount of debt as well.
It’s important to consider the debt in relation to the size of the companies involved. I don’t remember the exact debt load that each of the legacies carried leading into the big mergers, but I’d wager that it was a significantly smaller percentage of their total net worth than what is involved here. Close to $9 billion in debt for a small company is a different animal than the same load carried by a much larger one.