Feb. is BIG for UAL
On another website, a numbers type pilot at my airline posted a couple of the marks UAL has to hit to keep getting DIP money.
In Feb. the company has to make about a $1B turnaround in earnings before depreciation, taxes...etc. By the fall, they must make approx. a $2B turnaround.
The bar is set very high.
I wonder if those who are providing DIP money are just secured creditors who wanted to make sure they were first in line when the payouts started. That would be contemptable.TC