Originally Posted by Sink r8

On a slightly more serious note, I'm not sure I understand why AMR went for more debt, and especially why it felt obligated to issue more stock. They say this should put to rest any liquidity questions. Funny, but it doesn't look like that to me at all: it looks more like a sign of desperation. How is 2.9 million not enough for everything they wanted to do? I realize a lot of that is fleet financing, not cash, but I think they still got 1.25 billion. So, how is 1.25 billion not enough?

I'm mostly unhappy about the stock dilution, but I'm also puzzled.