AA files January operating report with bankruptcy court

[FWAAA]

Overall, the January results weren't too bad. Operating loss of just $5 million, net loss of $64 million including interest expense and net loss of $234 million including the reorganization items (most of which were non-cash writedowns).

The positive operating cash flow of $331 million was a surprise.

http://www.amrcaseinfo.com/pdflib/1498_15463.pdf

 

[BoeingBoy]

As you undoubtedly know, monthly reports in bankruptcy and even quarterly SEC filings need to be taken with a large grain of salt since a lot gets written off. But upon exit, all the savings come flooding in to the reports, making a single quarter with huge "profits". IIRC, the quarter that US exited the first bankruptcy it reported well in excess of a Billion dollar profit as previous "expenses" returned as "income".

Jim

 

[FWAAA]

Very true. Remember UAL's $23 billion net income in 2006 that offset an equivalent net loss earlier during its bankruptcy?

http://www.bizjournals.com/losangeles/stories/2006/05/08/daily5.html