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Thread: US Airways July net income $2.34 million
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Old Aug 28, 2005, 10:47 pm
  #12  
goheelswks
 
Join Date: Jan 2005
Location: ZRH
Posts: 659
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.
That is scary--really scary. Would like to blame it on the price of the jet juice, but frankly, if they can't make do in the summer while operating under court protection, I've finally become a bit scared--I've NEVER felt this way before.

Anyone with cheery news??
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