lowecur
Well-known member
- Joined
- Sep 14, 2003
- Posts
- 2,317
And it could get worse.
Most of the $2.2B in cash is tied up in fuel hedge contracts. Just think what will happen if oil continues to fall, and more write downs occur, + they are going to have to sell those positions at a loss to gain liquidity.
We'll see how loyal all the takers are if the company rolls over in the next year or so.
Most of the $2.2B in cash is tied up in fuel hedge contracts. Just think what will happen if oil continues to fall, and more write downs occur, + they are going to have to sell those positions at a loss to gain liquidity.
We'll see how loyal all the takers are if the company rolls over in the next year or so.
imp: