Originally Posted by
gojo
Hmmm, how quickly one forgets about American's financial status when they filed
Hmmm, AMR Corp was in a perpetual cycle of quarterly losses.
The companies debt liabilities exceeded their liquid and non-liquid assets. The company was insolvent.
Same thing happened to PNCL Corp.
RAH is not insolvent. In fact they has positive cashflow and are still, as of now, reporting EPS 4 cents. Minute, yes, but still solvent.