Originally Posted by
Sink r8
2 777's were not financed, but could be financed in the future. Are we trying to supress profits for the year?
Just a WAG on numbers but here's an estimate on why:
DAL cost for a 777 roughly $210 million. (list 230-270 million)
Looking at 10Q: terms are quarterly payments on a 12 year note.
Commercial loans even in good economies are 7-10%.
So: 210mil at 8.5% over 12 years paying quarterly =
Payments of $5,951,716 quarterly
Interest over the life of the note: $107,682,391
x2 airplanes = $215,364,782 INTEREST EXPENSE!
Or in other terms: The cost of yet another 777-200LR.
Dave Ramsey would be proud of Delta for this.