Originally Posted by
Rotorhead
I hope not, I work here! The stocks dropping 20% means those losses aren't all smoke and mirrors. Still waiting for a 500 million quarterly profit from somewhere, can't loose money forever.
THe charge for stock issues was smoke and mirrors. No actual cash outflow. THe 600 million plus losses on hedges are however real dollars and come right out of cash on hand. SWA got hit very hard on this and it had a dramatic impact on cash. Same for Delta just on a smaller scale.