Yup...I just lost my long post after I clicked submit!

 

I have been copying everything prior to hitting submit.

Fix the server please........

 

Long term secured debt breakdown:
Due 2012 - 2014........$2.446 Billion
Due 2013.............................................. $750 million
Due 2014.............................................. $750 million
Due 2015.............................................. .$600 million
Installments due 2009 - 2023....................$5.4 Billion
Aircraft finance installments 2009-2025......$6.4Billion
Other installments due 2009 -2031.............$1Billion
Total secured debt is ................................$17.4 Billion


ACL, you are absolutely correct in the fact that we must pay this down and it makes me happy with the fact that management is focused on paying down the debt with income generated from operations and not just refinancing when the debt comes due (like what the US Treasury does...but that is for a different day/topic).


[Info was taken from the Oct 2009 10Q report]

 

That's true. I suppose if I don't cover my buns, but all the guys jr to me did, then I could end up based on that island west of LAX.

 

Sounds like the MSP base is going to be getting a lot bigger.

 

My lack of caffeine made me omit the NWA debt. So yes, we have a ton of debt. What we have facing us, is that once this debt is restructured/paid off, we are in need to lots of jets. That is more debt.

 

And we have a big chunk of debt due in the 2012 - 2014 timeframe which coincidently corresponds to our contract negotiations.

Also, I would much rather see the debt on the books for a/c and equipment rather than revolving loans and money used for operating capital. We get these burdens taken care of and we will compete with anyone.

 

I did...and two more after that one. Kept me "gainfully employed" during furlough.

 

Buzz,

Are they published? Like on the rack, ready to be bought from Borders, your face on the inside cover, published?

 

Oh Yeah New, two were New York Times bestsellers. "Dereliction of Duty," "Reckless Disregard," and "War Crimes." Best, cheapest place to get them is Amazon.com. The first and third are out now in paperback.