Airlines'' troubles - by the numbers

C

chipmunn

Guest
Airlines' troubles - by the numbers
How bad are things in the airline business?
NEW YORK (International Herald Times) - Consider some numbers.
A new Boeing 737, the single-aisle, medium-sized airliner that is a domestic workhorse for most carriers, costs about $50 million. On Tuesday, United Airlines had a market capitalization - the current value of all outstanding stock - of about $70 million, or enough to buy a single new 737 and just about enough left over to buy and outfit a spiffy new eight-seat Cessna Citation X midsized business jet.
Complete Story: http://www.iht.com/articles/88698.html
Visit www.chipsplace.com - Rumor Control for the March 4 Airline News Update
 

atc

Member
Aug 28, 2002
23
0
It gets worse: last time I checked US Airways' market capitalization was $11 million.
 

batman

Member
Aug 20, 2002
43
0
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United Airlines Ends January with $1.78 Billion in Cash


Mar 05, 2003 (Chicago Tribune - Knight Ridder/Tribune Business News via COMTEX)
-- United Airlines lost $382 million in January, but its remaining pile of cash
barely declined thanks to drastically reduced employee wages.

The Elk Grove Township-based carrier ended January with $1.78 billion in cash,
down less than 2 percent from $1.81 billion on Jan. 1. That's good news for the
nation's second largest airline, which filed for federal bankruptcy protection
from creditors in December.

After the filing, United's pilots, flight attendants and salaried employees
agreed to temporary wage cuts to help the carrier through the immediate crisis.
A bankruptcy court judge later imposed similar cuts on United's mechanics.

..........

By Susan Chandler
 

deelmakur

Advanced
Aug 26, 2002
203
0
Take it a step further, and use the same analysis on what the Alabama guys paid to gain effective control of the company.
 

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