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Airlines’ debt crises averted, but risk lingers
Posted by on Sep 29th, 2009U.S. airlines’ successful scramble to sell new debt and issue new shares has all but eliminated the near-term cash crises that some analysts had feared. But there’s still huge amounts of risk involved, and analysts say that those who’ve been gobbling up more than $6 billion in airline paper and shares over the last three months could discover painfully just how much if business travelers willing …
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Airlines’ debt crises averted, but risk lingers