Originally Posted by
FlyFlorida2025
No, they made 20 million when you factor in the AERCAP settlements etc. The bottom line is they may not have drawn from the DIP and they were positive + 20 million in October. This is much different from what you have been telling everyone. They are not liquidating, they are restructuring. November will be interesting.
I haven’t told anyone anything, I barely post. You’re right via sales and other one time tricks the net revenue was positive, but the operating loss was still $90M. It’s good they have more runway and would be even better if they haven’t drawn the DIP. But there won’t be $120M worth of furniture to burn for ever and they’ll need to improve the operating metrics in my untrained opinion