Year end results... Finally

Old Feb 26, 05, 6:39 pm
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Join Date: Jul 2004
Location: New Jersey, DC
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Posts: 538
Year end results... Finally

Ouch... 53.2% load factor for the fourth quarter and 190 million dollar loss for the year.

Last edited by prhs1989; Feb 26, 05 at 6:43 pm
prhs1989 is offline  
Old Feb 26, 05, 8:16 pm
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Hopefully their loads will get better now that FlyI is on Orbitz, travelocity, etc and more people know them now. But still around 50% is pretty bad.
bursa is offline  
Old Feb 27, 05, 7:20 pm
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In the 4th Q their breakeven load factor worked out to 106%.
whlinder is offline  
Old Feb 27, 05, 10:33 pm
Join Date: Dec 2004
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I came up with a 104.9% BELF. But as with horseshoes & hand grenades, you and I are close enough.

The appaling thing is the cash burn. In 141 days (Oct 1 to Feb 18), they went through somewhere around $170 million in cash. Roughly $1.2 million per day. They had $126.3 million cash on hand on Feb 18; not a lot of cushion going into bankruptcy.
If they don't file chap 11 soon, they won't have enough cash on hand to be able to reorganize. Even if they file soon, it's dicey on whether or not they can emerge from bankruptcy. This is looking more and more like a straight chap 7 liquidation.
Seat2C is offline  
Old Feb 28, 05, 6:44 am
Join Date: Feb 2005
Posts: 196
What about now?

o.k. 105% give or take for the last quarter. Now minus ($93.5 Million per year savings / 4 quarters = $23.375 million ), what does the break even load factor come out to now?
DataBaseDude is offline  

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