Originally Posted by bigred93
The net income number here isn't particularly relevant unless you're one of the fools that think that the equity is still worth $0.30 something a share... did anyone pull down a cash flow number, particularly cash flow from operations? That would be more interesting... it had better be healthy considering the load factors in the summer.
Cash Flow from Operations, for July: Minus $146 million
now that's a truly astounding rate of bleeding. means the posted "profits" must've been from fulfilling tickets previously sold.
unrestricted cash was down to $489 million at July 31st.
US is officially in a final desperate death spiral. To drain $5m a day in JULY on operations is beyond abysmal.
I'm sure they can't wait to wind up separate reporting once the merger closes.