With US domestic airline fundamentals continuing to improve, Delta Air Lines and US Airways announced plans to refinance significant amounts of debt. US Airways, which has seen industry-leading unit revenue growth since exiting bankruptcy and merging with America West last fall--including a 25% jump in February--said it entered into a commitment letter with GE Commercial Financing to refinance around $1.1 billion of its outstanding debt at LIBOR plus 3.50% to 3.75%. Current financings are at ...

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