AMR loses $619 million in month of FEB
03-30-2012, 10:03 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Feb 2011
Posts: 820
AMR loses $619 million in month of FEB
AMR loses $619 million in February - MarketWatch
NEW YORK (MarketWatch) -- AMR Corp. AAMRQ +2.01% reported a loss of $619 million, or $1.85 a share, for the month of February on operating revenue of $1.81 billion, according to a filing with regulators on Friday. The airline, wihch filed for bankruptcy on Nov. 29, disclosed $24.4 billion in total assets including $40 million in cash, $4.2 billion in restricted cash and short-term investments, and $10.9 billion in flight equipment. The company's accumulated deficit totaled $8.44 billion as of Feb. 29.
...............
That 4.2 billion is about to be under 3 billion, this is the 3rd month they have posted a huge loss.
NEW YORK (MarketWatch) -- AMR Corp. AAMRQ +2.01% reported a loss of $619 million, or $1.85 a share, for the month of February on operating revenue of $1.81 billion, according to a filing with regulators on Friday. The airline, wihch filed for bankruptcy on Nov. 29, disclosed $24.4 billion in total assets including $40 million in cash, $4.2 billion in restricted cash and short-term investments, and $10.9 billion in flight equipment. The company's accumulated deficit totaled $8.44 billion as of Feb. 29.
...............
That 4.2 billion is about to be under 3 billion, this is the 3rd month they have posted a huge loss.
03-30-2012, 10:06 AM
#2
SDQ Base Chief
Joined APC: Mar 2006
Position: 320 CA
Posts: 5,588
I like Terry Maxon's headline: Good thing there were only 29 days
Through some fuzzy math, AMR's cash balance is now $4.65bil. The wonders of bankruptcy
Through some fuzzy math, AMR's cash balance is now $4.65bil. The wonders of bankruptcy
03-30-2012, 10:10 AM
#3
Gets Weekends Off
Joined APC: Nov 2011
Posts: 262
Originally Posted by Flyby1206
I like Terry Maxon's headline: Good thing there were only 29 days
Through some fuzzy math, AMR's cash balance is now $4.65bil. The wonders of bankruptcy
Through some fuzzy math, AMR's cash balance is now $4.65bil. The wonders of bankruptcy
03-30-2012, 10:13 AM
#4
Gets Weekends Off
Joined APC: Oct 2006
Posts: 945
Originally Posted by Tomahawk58
I'm guessing you believe operating losses are offset by cash on hand.
Two, too. Whatever. Keep pressing that "I Believe" button.
03-30-2012, 10:19 AM
#6
Gets Weekends Off
Thread Starter
Joined APC: Feb 2011
Posts: 820
they are most likely selling/mortgaging things to raise the cash??
Could it be returns on their short term investments??
I do not get it, I remember some pilot in the JFK crew room last summer who had all this figured out. I think he should have joined management, even if just to blow more smoke up everyone's butt hole.
Could it be returns on their short term investments??
I do not get it, I remember some pilot in the JFK crew room last summer who had all this figured out. I think he should have joined management, even if just to blow more smoke up everyone's butt hole.
03-30-2012, 10:50 AM
#7
Banned
Joined APC: Jun 2008
Posts: 8,350
So AMR says it lost 2/3 of a billion in one month......while they are in bankruptcy and probably not paying a lot of their bills ?
I find it dubiously suspicious this bombshell loss pops up just before they head to court to convince a judge it's the employees fault.
It took them six months to lose that much BEFORE they even declared BK !
Amazing.
I find it dubiously suspicious this bombshell loss pops up just before they head to court to convince a judge it's the employees fault.
It took them six months to lose that much BEFORE they even declared BK !
Amazing.
03-30-2012, 04:01 PM
#9
Gets Weekends Off
Joined APC: May 2010
Position: Baja Vermont
Posts: 5,177
A lot of financial engineering going on. How did they book $372 million of unearned transportation revenue? Was there a huge increase in advance bookings? If so, why? Are they releasing a report based as if they were not in BK, that is, are they fully accounting for accrued expenses that they may have paid in cash? Are they accounting for all non-cash expenses? Are they accounting for expenses deferred by BK?
GF
GF
Thread
Thread Starter
Forum
Replies
Last Post
