usflyer999
Aug 3, 02, 9:18 pm
Shares of UAL dropped sharply. At 4 p.m. EDT on the New York Stock Exchange, the company's stock was down $1.07, or 21%, to $4.15 on volume of 4.6 million shares. The daily average is 1.3 million.
In a conference call with analysts two weeks ago, the company said it's worried about $900 million of debt that needs refinancing in the fourth quarter.
UAL has been denied access to the capital markets this year, Chief Finanical Officertold analysts, and has been raising capital from private sources.
http://story.news.yahoo.com/news?tmpl=story&u=/ap/20020802/ap_wo_en_po/us_united_airlines_stock_1
http://biz.yahoo.com/djus/020802/200208021245000442_3.html
In a conference call with analysts two weeks ago, the company said it's worried about $900 million of debt that needs refinancing in the fourth quarter.
UAL has been denied access to the capital markets this year, Chief Finanical Officertold analysts, and has been raising capital from private sources.
http://story.news.yahoo.com/news?tmpl=story&u=/ap/20020802/ap_wo_en_po/us_united_airlines_stock_1
http://biz.yahoo.com/djus/020802/200208021245000442_3.html