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Thread: US Airways July net income $2.34 million
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Old Aug 27, 2005, 10:42 pm
  #9  
gatorbri
 
Join Date: Dec 2004
Location: FL & NC
Programs: US GP, DL GM, HH Gold, StarWood Gold, Marriot Silver
Posts: 70
Originally Posted by martin33
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.
$5 mil a day. Pennies... DL lost $5 billion in 2004 followed by $1.1 billion in 1Q 2005. Of course, 2nd quarter was really looking up as they only lost $380 million.
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