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High-Flying, High-Debt Airlines Will Be Forced Back Down to Earth, Again
Thursday, December 5, 2013 - 5:51pm | 718Stock prices for United Continental (NYSE: UAL), US Airways Group (NYSE: LCC), and Delta Airlines (NYSE: DAL) have soared for 2013. Pretty remarkable, when you consider the level of debt each of these companies is carrying. When the market turns, as it always does, the heavy leverage will be a...