General Lee
Well-known member
- Joined
- Aug 24, 2002
- Posts
- 20,442
They just shifted the debt to unfunded Pension obligation. It will only affect the formed northwest pilots so I know you are not sweating it.
So wait, they haven't paid down almost $8 billion in debt over 5 years(08-13)??? It's all made up? Riiiight. The pension obligation is like a mortgage, with payments paid out over time, as people retire. The other debt is like a credit card bill, that actually will have $500 million less in interest payment per year when it does get down to $10 billion next year. Maybe that extra money will be used to buy more of your planes, like the deferred 30 738s? You never know.
Bye Bye---General Lee
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