T-Not going to argue you last post. I was just illustrating what the savings would be. In fact DAL has targeted 7.5 billion as the debt level they want to be at by 2012. That equates to about a 900 million dollar per year costs savings on debt service.

LUV took upon a ton of debt to reduce the risk of a hostile takeover They are about 40% leveraged. It is just one tool in the tool box.

Columbia;
Do you not think the guys running the DALPA show and their EFA guys that run our numbers know how to break down the real financial health of the company? I expect they do.