The link to the U 8-k filing is on the thread:
The increase in the amount of debt appears to be 5.5 billion. That amount is the contractual amount owed by U to the Lessors of aircraft/engines and Aircraft Manufacturers for, what is stated as, presently leased aircraft and future deliveries. One would assume that it is the subject of ongoing negotiations, but, we all know what happens when we assume. One would expect that those committments could be reduced through the bankruptcy filing, at least to the degree that Union Employees wages could be. The main thing is that it is not new information, the 8-k filing clearly indicates that it was contained in the original paperwork.
"...During the presentation, the Company's representatives referred to the Company's $10.65 billion in balance sheet liabilities as of March 31, 2002, and commented on certain other future cash commitments that, when taken together with the Company's stated liabilities, totaled approximately $16.0 billion. These additional cash commitments include aircraft operating leases with an estimated net present value of $4 billion and estimated future aircraft purchase commitments of approximately $1.5 billion. The future cash commitments for aircraft operating leases and aircraft purchase commitments (together with related amounts to be paid in connection with the purchase of aircraft) are included in the Company's prior SEC disclosures for total future cash commitments in the Company's financial statements in accordance with accounting principles generally accepted in the United States of America (GAAP)..."