Old Feb 7, 07, 4:34 am
  #4  
sbagdon
 
Join Date: Feb 2006
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Originally Posted by jman4l View Post
Only $7MM of that loss was real money. The rest of it is paper losses due to bankruptcy proceedings.

I really think the pressure will be on AA and maybe even CO next year since they are the only legacies that hasn't reduced their costs in a bankruptcy since 9/11
Thanks for pointing out some of the background data. My impression is that BK is when all of the negatives currently on the books gets written off, which can make for some ugly number. It will be interesting to see what the last quarter (in BK) negative results are, and what the first quarter (out of BK) positive results are.

Steve B.
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