The company expects to use the net proceeds from the stock and convertible notes offerings for general corporate purposes and to enhance its liquidity position, the airline added. The stock and convertible notes offerings, first reported by Bloomberg News, include a 30-day option for the underwriters to purchase up to $112.5 million of additional common shares and up to $112.5 million of additional convertible notes respectively, the company said. American Airlines and Delta Air Lines Inc said last week that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April amid the coronavirus pandemic....
The company expects to use a portion of the net proceeds from the offerings for general corporate purposes and to enhance its liquidity position, the airline said in a statement. The stock and notes offerings include a 30-day option for the underwriters to purchase up to $112.5 million of additional common shares and up to $112.5 million of additional notes respectively, the company said. American Airlines and Delta Air Lines Inc said last week that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April amid the coronavirus pandemic....
American Airlines declined to comment. American Airlines and Delta Air Lines Inc said last week that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April amid the coronavirus pandemic....
(Bloomberg) -- Florida cases jumped 3.7%, more than the weekly average, while New York reported infections in line with trends. An infectious disease researcher expects a “forest fire of cases” and no let up this summer.China suspended imports from a Tyson Foods U.S. poultry plant after a cluster of coronavirus cases. Germany also blamed outbreaks in the meat industry as the infection rate rose for a second day.The U.K. will set out plans to further ease restrictions this week. Chancellor of the Exchequer Rishi Sunak is considering an emergency reduction in the value-added tax, the Sunday Times reported.Key Developments:Global Tracker: Cases pass 8.8 million; deaths top 465,000Here’s what you need to know about phase two as NYC reopensTyson, Pepsi among companies hit by fallout of Beijing outbreakU.K. will set out further easing measures this weekCases increase 1.3% in Russia, 1.1% in IranTrump questions the U.S. case countSubscribe to a daily update...
