And as it turns out, their operating loss was $108mil, their net loss was $82mil.
Also, in their press release, they noted a $100mil (or 33%) reduction in cash Year-to Date... But, at the end of 2Q, they had $345mil in cash, and at the end of 3Q $198mil cash... or a drop of $147mil... That translates into a cash drain of $1.6mil per day. If this rate of cash drain continues, thats only 123 days (or roughly 4 months) of cash on hand left. In other words, as one of the analysts recently stated, FlyI could be VERY close to BK... Probably around the holidays...
(By the way, in March 2004, using this same method, I predicted a US Airways BK in October of 2004... the escalating cost of fuel helped move it into September... the point, I've unfortunately been right before...)