Thread: Pinnacle
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Old 05-22-2013 | 05:51 AM
  #791  
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From: Airbus button pusher
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Originally Posted by ShyGuy
Do you know how that loss is defined? The 4th quarter had an operational profit, and the net loss was attributed to the interest expense (paying back the investors). The investors are getting money, and that's what counts. The debt restructuring is a big item, with 290 million converted into equity from the Branson side of investors. Plus, the interest rate on the rest of the debt was substantially lowered. To top it off, there was an additional liquidity gain of 75 million cash on hand. IMO, things are better today than they were six months ago when the growth slowdown was announced. It's the other stuff too, like a hefty payraise and QOL increases given on April 1 that were done accounting for the budget this year and how much we make and are projected to make.

I honestly don't need any company. My strength comes from my family and god. As long as I have those, I'm always good to go. And besides, what could I possibly need from cheap subcontracted "hired help" at the regional level? They aren't real pilots as the chart has shown.
God loves Colgan pilots better
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