Originally Posted by FriendlyPilot

November monthly operating report published.

Net loss for November was $72M. Cash burn was $48M. Negative 24.6% profit margin for November. 2024 full year profit margin was negative 22% so it hasn't gotten any better. This is after about 94 total lease rejections that were targeted to be returned by October 27th. Cash burn was less, but the $50M DIP gives them another month.

Cash burn is lower because of the parking of planes, (monthly revenue down 28% since August).