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Old 03-07-2011 | 06:02 PM
  #61046  
slowplay
Gets Weekends Off
 
Joined: Feb 2008
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Originally Posted by georgetg
AMR has some pretty big plans up their sleeve.
Offers $1B in private secured notes.

American Airlines Announces Private Offering of Senior Secured Notes -- FORT WORTH, Texas, March 7, 2011 /PRNewswire/ --

Cheers
George
Or it could be that AMR is struggling financially and still has a few assets it can encumber at relatively low interest rates. They have a ton of existing debt and limited cash flow compared to their peers. They might view this as an opportune time to strenghten liquidity with $3.20 per gallon jet fuel.