DJ US Airways 1Q Loss $3.28/Share
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04-27-04 0830ET- - 08 30 AM EDT 04-27-04
(MORE) Dow Jones Newswires
04-27-04 0830ET- - 08 30 AM EDT 04-27-04
Us Airways Reports $177mm Q1 Loss
- Thread starter javaboy
- Start date
ITRADE
Veteran
ITRADE
Veteran
OK, they beat consensus by $0.40 a share. Thats OK.
Excluding the huge special item, their loss was about $108MM better than last year. So, doing somewhat better.
They may get close to break even for Q2. Time will tell.
Excluding the huge special item, their loss was about $108MM better than last year. So, doing somewhat better.
They may get close to break even for Q2. Time will tell.
delldude
Veteran
ITRADE
Veteran
http://biz.yahoo.com/prnews/040427/dctu029_1.html
"Excluding the $250 million ATSB loan prepayment and other seasonal changes in restricted cash, US Airways achieved breakeven cash performance during the first quarter."
The other interesting tidbit is that US is implementing a means to buy an IFC meal online (and hopefully at a kiosk). I imagine an IFC certificate will print when you check-in, telling the F/As you prepaid. Details have yet to be released, though.
"Excluding the $250 million ATSB loan prepayment and other seasonal changes in restricted cash, US Airways achieved breakeven cash performance during the first quarter."
The other interesting tidbit is that US is implementing a means to buy an IFC meal online (and hopefully at a kiosk). I imagine an IFC certificate will print when you check-in, telling the F/As you prepaid. Details have yet to be released, though.
ITRADE
Veteran
OK....Here is the PRNewswire release:
US Q1 Results
And for your fuel zealots:
"US Airways' fuel position is 32.5 percent hedged for the second half of 2004 and 5 percent hedged for 2005."
And, yes, they were essentially cash neutral or cash positive. They paid down $250MM in debt and maintained their cash.
Hang in there folks.
US Q1 Results
And for your fuel zealots:
"US Airways' fuel position is 32.5 percent hedged for the second half of 2004 and 5 percent hedged for 2005."
And, yes, they were essentially cash neutral or cash positive. They paid down $250MM in debt and maintained their cash.
Hang in there folks.
ITRADE
Veteran
ITrade -
Can you help me understand the results. Reporting a 177 Million dollar loss, did that include the 250 million dollar payment? Would that mean that we had a 73 million dollar operating profit? Lastly, how did we do all that and end up cash neutral? Seems like fuzzy math or I am jsut way to confused from lack of sleep.
Can you help me understand the results. Reporting a 177 Million dollar loss, did that include the 250 million dollar payment? Would that mean that we had a 73 million dollar operating profit? Lastly, how did we do all that and end up cash neutral? Seems like fuzzy math or I am jsut way to confused from lack of sleep.
This is great news, loss narrows. It is getting close to breakeven and cashflow positive.
Perhaps those Draconian cuts are not needed after all.
Keep fighting gals and guys!
Perhaps those Draconian cuts are not needed after all.
Keep fighting gals and guys!
Cosmo
Veteran
- Aug 20, 2002
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ITRADE:ITRADE said:
I don't think that's quite the case. The following language was in the press release:
I take that to mean that US achieved operational breakeven with cash, which is good news going forward, but on a net basis cash was negative for the quarter to the tune of about $250 million because of the ATSB loan prepayment. Do you read it differently?
delldude
Veteran
ITRADE
Veteran
You're right, and I should have been more clear on that. US's was operationally neutral to slightly positive - which is a good things.Cosmo said:
But, they're nowhere close to being out of the woods yet. Q2 should be a cash positive quarter. Q3 and Q4 = ????
