FORT WORTH, Texas, Jan 25 (Reuters) - American Airlines' first option for using cash flow will be to start paying down its $20 billion debt burden, its chief financial officer said on Wednesday.
American Airlines' parent AMR Corp. (AMR.N: Quote, Profile, Research) aims to pay down $1.2 billion of debt this year, leaving it with a still substantial $19 billion load, James Beer told reporters at a media presentation.
http://yahoo.reuters.com/financeQuoteCompa...25364310_newsml
$20 billion and $19 billion are substantial but a lot less than the $25-$27 billion I had been reading was the debt of AMR.
UAL is about to come out of bankruptcy and USA Today reports that their post-bankruptcy debt will still be $17.6 billion. I know they have greatly cut their costs and abandoned their pension obligations as well as cutting alot of their previous $30 billion debt but that is a much heavier post-bankruptcy debt than I thought they would have had.
American Airlines' parent AMR Corp. (AMR.N: Quote, Profile, Research) aims to pay down $1.2 billion of debt this year, leaving it with a still substantial $19 billion load, James Beer told reporters at a media presentation.
http://yahoo.reuters.com/financeQuoteCompa...25364310_newsml
$20 billion and $19 billion are substantial but a lot less than the $25-$27 billion I had been reading was the debt of AMR.
UAL is about to come out of bankruptcy and USA Today reports that their post-bankruptcy debt will still be $17.6 billion. I know they have greatly cut their costs and abandoned their pension obligations as well as cutting alot of their previous $30 billion debt but that is a much heavier post-bankruptcy debt than I thought they would have had.