http://www.marketwatch.com/news/newsfinder...6C0369E4527%7D&
"United Airlines (UALAQ) said Wednesday that it has enough debtor-in-possession financing to see it through its bankruptcy. "We believe that the existing DIP financing is adequate to provide for our projected future liquidity needs through our emergence from bankruptcy," the airline disclosed in a 10-K filing with the U.S. Securities and Exchange Commission....."
I'm very surprised UAL made a statement like this so far in advance of our possible fall exit from bankruptcy, especially with oil prices hitting an all time high today.
"United Airlines (UALAQ) said Wednesday that it has enough debtor-in-possession financing to see it through its bankruptcy. "We believe that the existing DIP financing is adequate to provide for our projected future liquidity needs through our emergence from bankruptcy," the airline disclosed in a 10-K filing with the U.S. Securities and Exchange Commission....."
I'm very surprised UAL made a statement like this so far in advance of our possible fall exit from bankruptcy, especially with oil prices hitting an all time high today.