Originally Posted by FriendlyPilot

10Q has been posted for Q1 2025.

Operating loss of $207M with Net Loss of $142M. Most of this is because they capitalized a lot of BK reorganization gains and posted that against losses.

The big problem is that Cash on Hand went from $902M at the end of 2024 to $487M at the end of March 2025.

They didn't sell the planes as of March 31st because they have listed an asset as "Assets held for sale" with a value of $447M.

Another surprise is that the debt was not wiped out. The balance sheet shows $8.9M of debt including $4.2B of aircraft leases and 2.2B of long term financing debt. So maybe they are hoping to get paid that off in case of an acquisition.