So, we're talking about a debt of 20% of one-year revenue? Substantial, but not a huge deal, and given the redemption speed not too concerning. Comparing to a p

So, we're talking about a debt of 20% of one-year revenue? Substantial, but not a huge deal, and given the redemption speed not too concerning. Comparing to a personal budget, it's like buying a car with a loan - not even an expensive one, if US medial salary is ~60K, then it'd be a 12K car. If I learned somebody making 60K has a 12K car loan, I wouldn't be too worried, if they can afford the payments. And this one is basically negative interest, since they can devalue miles with time (some even have expiration dates!)