4Q Daily Cash Burn Estimates
Carrier Cash Expenses ASMs Yield (cents) Load Factor daily cash burn rate*
Alaska ALK 417 4,760 12.6 67.0% 0.3
America West AWA 509 6,850 9.9 70.1% 0.5
AMR Corp. AMR 3,988 43,700 12.2 68.0% 5.4
Continental CAL 1,655 19,500 11.5 71.1% 1.2
Delta DAL 2,739 32,000 11.4 69.2% 3.2
Midwest Express MEH 80 800 15.8 57.9% 0.1
Northwest NWAC 2,025 22,750 10.9 73.5% 2.9
Southwest LUV 1,195 17,560 12.3 61.4% -1.0
UAL Corp. UAL 3,525 36,800 11.0 70.4% 8.5
US Airways U 1,289 13,100 13.5 66.4% 1.7
* Negative implies cash generation.
Source: Company reports and Goldman Sachs Research estimates.