You have a good eye. I agree that the news sounds positive. I would think they could trade in the debt they have for a lower interest rate.
My main conern now is the airline industry as a whole. I think oil is about to turn back up and the airlines will suffer as a result. That could be the good entry point, as I don't think oil is bottomed out, just due for a big bounce.
Not sure though? The lower fuel cost recently, could give them a reason to beat estimates, as the lower fuel probably wasn't priced in.