Actually you do want them to pay down debt if times get bad the debt is a cost of business to service that debt - remember when Piedmont bought 1 of 4 planes in cash - look at the Pittsburgh Airport - I think in 2017 they will have retired the bulk of their debt freeing up $40MM a year in cash for other items
They don't need to pay it all down - it would be good if they reduce it by 25% to 40% with the low oil prices
They don't need to pay it all down - it would be good if they reduce it by 25% to 40% with the low oil prices
