"Where did you get this information? Can you quote a source? Regardless, it proves that network airlines (at least the ones Wall Street believes will survive the current downturn) continued to have access to capital post-9/11."
According to NWA's 2003 10k, the company got 300 million in Jan 04 with unsecured bonds (due 2009) coupon rate of 10% and semi annual interest payment due. Bonds sold for $962 for a $1000 principle amount, resulting in a yeild to maturity of 11% Another 33 million a year in debt service....
In any case, prettey b@lsy comment comming from an airline that had to be bailed out by Minn in the 90's. Seems to me UAL would being much better if not for government intervention on behalf of it's biggest Pac competition...
"If UA goes under, there’s not much of a market for those planes (the 757 is not exactly the darling of the used jet market these days), "
NWA took delivery of 25 of them since 2001. Guess the same level of idiots are running the show there....
"And, yes, NW could have gone after some of UA 747-400s. But they didn't for the same reason they're placing A330-200s in the Pacific; the 747-400 is simply too large for most routes...too bad UA didn't figure this out until long after they'd bought so many of the things"
Yet NWA took delivery of two NEW 400's in 2002.... Hmm with nearly new modles selling for around 33% of new... Yup, they've got it figured out at NWA.... How many 747's does NWA operate (with less pac ASM's than UAL)?
"AWA would have gone BK without the loan only because of 9/11. Had 9/11 not occurred there would have been a signed deal on 9/12. 9/11 was the sole reason for the deal not to be closed."
I'd say, by looking at debt ratings ect of UAL (higher ratings than AWA prior to 9/11) that the same case could be made without reservation WRT UAL.
"Nonsense. Using the national averages, only about a third of your 65K will vote."
In case you were wondering, those 65K have neighbors... Wonder what would happen in ORD and DEN if there was suddenly a glut of foreclosures and lower consumer spending? By your argument, unemployment could be 49% as long asthe 51% had REALLY good jobs they attributed to the presidents policies....