(Bloomberg) -- Delta Air Lines Inc. is looking to extend a borrowing binge to survive the collapse in travel demand from the coronavirus pandemic, favoring new debt over an equity offering after rival United Airlines Holdings Inc. sold shares at a historically low price.Options for Delta include borrowing against $13.5 billion in unencumbered assets, or selling planes and leasing them back from the buyers, said Chief Financial Officer Paul Jacobson. Delta has also applied for $4.6 billion in U.S. government loans. If tapped, that would complement the $5.4 billion in emergency U.S. payroll support that Delta has already lined up.“While the uncertainty means that we can’t rule anything out, we’re certainly prioritizing use of our unencumbered assets,” Jacobson said Wednesday on a call to discuss financial results. “We still feel pretty good about what’s available to us in the market.”Delta signaled it may increase borrowing a day after United sold more...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]...
What makes a "blue chip" company? The well-established and financially-sound companies in the stock market that are the leaders, the advocates and representatives of an entire industry. Their attributes are that they are safe, stable, profitable, and long-lasting companies and this is why they are considered as relatively safe, low volatility investments.Due to their historical posting of steady earnings results year after year, blue chip companies are generally considered to be safer investments because of their ability to generate profits even during an economic downturn.But this was before COVID-19, which caused some of the "safest" stocks on the market to trade at massive discounts. I believe, however, that some of these companies are in a prime position to not just survive, but bounce back better thane ever once this crisis is behind us. DisneyWalt Disney Co (NYSE: DIS) shares are cheap for good reason, as the things that made its business...
Mizuho Americas Oil & Gas Analyst Paul Sankey joins Yahoo Finance’s Seana Smith to explain why he's predicting WTI crude could soon fall to negative $100 per barrel next month....
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]...
