Originally Posted by US AIRWAYS FAN
Isn't 1st Quarter the slowest of all quarters? US has even said even after all their cuts they will not make a profit this year so this does not come as a surprise at all. I am going to be more interested what happens during the 2nd and 3rd quarters.
Sure, the first quarter is always the poorest performing three months of the year. The really bad news for US is that revenue was way down from last year's first quarter; costs fell as well, but nowhere near as much.
Profit? Who's talking about profit? Running out of cash is the primary concern right now.