Originally Posted by
DAL4EVER
My biggest immediate concern is cash on hand going forward. I believe I read that they are down to $2.1 billion in cash. This was down nearly $900 million in one quarter. I doubt they will be allowed to go down to $1.2 billion in cash. At DAL the magic number last time was around $1.5 billion. Failure to maintain cash above that helped trigger the bankruptcy. They need to have a much better quarter this next time or things are/will get much rougher. Good luck to all my friends over there. I'm still in awe that your Board allows the gutting of UAL to continue until Tilton's unbelievably long and plunderous reign.
I don't think they are down that low in cash, more like mid 2's. They sold off American Beacon for something close to .5bln and here is the link to their 2007 and 2008 financials. 2007 was also a .5bln profit.
AMR AMR Corporation releases financial results for fourth quarter and full year 2008