Bags,
I've been trying to find where they (AMR) reported that, and I do remember reading it somewhere. But statements like that really depend on what your comparing. i'm not disputing anything but I know they did release a statement to that effect.
I've been trying to find where they (AMR) reported that, and I do remember reading it somewhere. But statements like that really depend on what your comparing. i'm not disputing anything but I know they did release a statement to that effect.
17 PM TWAFA007 wrote: [BR][BR]Thats a cash burn rate of over $11 Million a day.[BR][BR]----------------[BR][/BLOCKQUOTE][BR][BR] [FONT size=1]And you base that statement on what hard information?[BR][BR] [BR][BR] From the October 16 2002 Earnings Release:[BR] [BR] [BR][BR][FONT face=Arial size=2]Looking forward, if the revenue environment remains depressed, the company expects to post a sizeable operating loss in the fourth quarter, most likely exceeding the third quarter loss [EM]before[/EM] special items. [BR][FONT face=Tahoma size=1] [BR][/FONT] [BR][BR] [FONT face=Tahoma size=1]Third Quarter Loss before special items was $475 million dollars.Q3 Special[BR] items totaled $449 million dollars,and were mostly non cash in nature.[BR] Total loss for the Quarter was $924 million dollars.[BR][BR] The company has already stated there will be a sizeable charge to equity [BR] relating to pension issues.[BR][BR] It's not too much of a stretch to speculate that the Q4 loss will exceed $475[BR] million before special items now is it? Factor in the special items charges [BR] and look at that, you've got a Billion and change loss for the quarter.[BR][BR] [BR] [/FONT][/FONT][/FONT]
