Originally Posted by
BoilerUP
Lots of talk of bankruptcy for a company that still generated a profit...
Uh Ground COntrol to Major Tom???s...
When has that EVER mattered????
NWA Cargo, making TONS of money that they needed to hide to justify the BK.
AAR, now AAG, had $5billion in cash and declared BK, while shuffling profits off to subs like eagle. Did it simply to get out of aircraft leases.
It happens Every.SIngle.Day in US Corporate America. Its a shell game. Parent company shows loss while cash position INCREASES.