Thread: Bankruptcy
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Old 07-22-2021, 08:07 AM
  #553  
Theaveragejoker
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Joined APC: Jul 2015
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Originally Posted by OpieTaylor View Post
Seems like they are making money based on obligated spending, and showed a loss based on voluntary spending.

Seems like net special items can be revenue or expenses. It’s all difficult to decider, but appears they lost money including special government revenue offset by paying off a parts loan.

Almost appears the are intentionally avoiding showing large profits by taking government payroll support and servicing only obligated payments.

Maybe they want an extension in September, or maybe it’s just bad optics, but it looks like they “made money” and ran out and spent themselves into a loss through debt reduction.
That’s literally a strategy
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