Risk Factors Update Summary
- Total consolidated indebtedness increased from $18 billion to $19 billion as of December 31, 2023.
- Interest payments rose from approximately $533 million to $693 million for the year ended December 31, 2023.
- Failure to close aircraft acquisition commitments for 334 new aircraft by 2028 could negatively affect net income.
- The number of new aircraft on order decreased from 398 to 334 with an estimated aggregate purchase price of approximately $25 billion to $21 billion.
- Composite cost of funds increased from 3.07% to 3.77% at December 31, 2023, impacting net income.
- Fixed rate debt decreased from $17 billion to $16 billion, while floating rate debt increased from $1 billion to $3 billion as of December 31, 2023.
- Delivery delays of Airbus and Boeing aircraft are ongoing, with delays potentially extending through 2028.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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