Originally Posted by
shiznit
I saw that article.....The question is: Is DAL, Inc. building a war chest OR a doing a corporate "balance transfer" to a lower rate loan?
Who knows!?!?
Well lets consider this:
DAL has 2.5 billion of debt maturing next year (Last weeks conference call)
Of that 2.5 billion Ed commented that we had a 1.2 billion revolver that our creditors have already agreed to.
So, the question becomes; Is this added financing above the 1.2 billion or is this include it? If it does not include this 1.2 billion, I would submit that DAL is going to restructure debt early, or they are going to not pay down 1.3 billion in debt that they planned to. I guess we will have to tune in to the call to find out.