RAH Branded Ops Post 70.5 Million Loss
05-05-2010, 04:43 AM
#1
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Joined APC: Jun 2006
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Posts: 179
RAH Branded Ops Post 70.5 Million Loss
Highlights from the Q1
GAAP-70.5 Million Loss for Branded Ops
CASM for Branded Ops was 7.63 (Including interest expense, but excluding fuel and impairment charges)
Income for Fixed Fee Operations was 14.3 Million
Fixed Fee Revenue Declined 53.3 Million from (-18.4%) Q1 2009
RAH had 385.7 Million in Cash (239.4 million is restricted)
Debt was 2.76 Billion
GAAP-70.5 Million Loss for Branded Ops
CASM for Branded Ops was 7.63 (Including interest expense, but excluding fuel and impairment charges)
Income for Fixed Fee Operations was 14.3 Million
Fixed Fee Revenue Declined 53.3 Million from (-18.4%) Q1 2009
RAH had 385.7 Million in Cash (239.4 million is restricted)
Debt was 2.76 Billion
05-05-2010, 06:18 AM
#3
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Position: B757/767
Posts: 13,088
Originally Posted by CHQ Pilot
Highlights from the Q1
GAAP-70.5 Million Loss for Branded Ops
CASM for Branded Ops was 7.63 (Including interest expense, but excluding fuel and impairment charges)
Income for Fixed Fee Operations was 14.3 Million
Fixed Fee Revenue Declined 53.3 Million from (-18.4%) Q1 2009
RAH had 385.7 Million in Cash (239.4 million is restricted)
Debt was 2.76 Billion
GAAP-70.5 Million Loss for Branded Ops
CASM for Branded Ops was 7.63 (Including interest expense, but excluding fuel and impairment charges)
Income for Fixed Fee Operations was 14.3 Million
Fixed Fee Revenue Declined 53.3 Million from (-18.4%) Q1 2009
RAH had 385.7 Million in Cash (239.4 million is restricted)
Debt was 2.76 Billion
05-05-2010, 06:25 AM
#4
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BB stated last year that he expected losses in Q4 2009, Q1 2010, and Q2 2010, with a return to profit in Q3 2010. So far, Q4 ended up slightly better than expected, and Q1 is coming in as expected. As others said above, give it a realistic amount of time before claiming failure. Acquisitions are not cheap, and all related expenses have an impact over an extended period of time.
05-05-2010, 06:30 AM
#5
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The debt vs overall (and even unrestricted) cash combined with revenue seems mounting. Depending on how the debt is structured, it seems that they may need get the revenue problems on the branded side under control quickly.
05-05-2010, 06:53 AM
#7
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Originally Posted by Wiscopilot
Flights on the branded side are packed to the gills. I guess it depends on what they are selling the tickets for.
05-05-2010, 07:13 AM
#9
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Originally Posted by Wiscopilot
Flights on the branded side are packed to the gills. I guess it depends on what they are selling the tickets for.
RAH reported a LF of 75.7% for branded operations.
Last edited by CHQ Pilot; 05-05-2010 at 07:42 AM. Reason: RAH numbers
05-05-2010, 07:47 AM
#10
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Posts: 172
Excluding one time charges, the branded side lost over $40 million and from what I figure the CASM with fuel (no special items) is around 10-11 cents.
I don't think the sky is falling but Q3 will definitely be the telling quarter.
How are the SLI talks going?
I don't think the sky is falling but Q3 will definitely be the telling quarter.
How are the SLI talks going?
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