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Ralph Canine

02/24/16 3:14 PM

#31685 RE: 193638 #31683

None of which is over 4% and more than double the liquidity of any other airline. "Current market valuations suggest that the market puts a lot of emphasis on the size of the long-term debt, although the cost of the debt seems reasonable. At the same time, the market seems to overlook the positives such as being able to buy fuel at the spot price, investments in renewal of the fleet, returning value to existing shareholders by share repurchases and having a better-than-peers liquidity buffer."