RE:RE:RE:No WARRANTS for the FedsThanks for detailed explanation.
This is great info. Though when applied to total debt the debt servicing cost would be higher. No big deal. Over next 12-18 months, your numbers will play out as explained.
In 2010/11, after last recession, debt servicing cost was 10-11% of revenue. That one cost pulled Air Canada recovery. But this time, the up cycle will be like Air Canada never had before.