Originally Posted by
Check Essential
Here's the info we were looking for on RJ codeshare agreements.
It is buried in the notes to the consolidated financial statements:
Look at pages 86, 87 and 88. The outsourcing agreement details and durations are on page 88.
The really stunning number is that we are on the hook for $16.6 billion in "minimum fixed obligations" to our contract carriers over the life of those agreements. That's some serious cash. And it doesn't even count Comair, Compass or Mesaba.
e10vk
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So is that some of that off-balance sheet financing that some say is supposed to make a balance sheet look "better" to banks, Wall Street and retail investors?