worknhard

Man, AA is just ripping through the cash. I wonder how long is going to last?

What

As long as they needed to, these are paper looses! Most of these looses are write downs and stuff. If we were loosing this much every month, even with their restructuring process, if they get all the concessions they want and are able to raise revenue by 1 billion we would be hosed in 6 month!

Rudder1

the word is LOSS. the past tense of loss is LOSE.

Loose is something that needs to be tightened.

why is this so hard?

mrmak2

Actually LOST is the past tense of LOSE. LOSS is a noun- something that has been LOST

Mink

If they loose two much money, their going to go under.

LittleBoyBlew

....Anybody loose this?

Twin Wasp

In BK you end up paying most of your bills in cash.

strfyr51

started the month with $4.2B Ended the month with $4.65B.. So When didthey gain $450Million During the month?? this looks EXACTLY like UAL'S Accounting where they Losse $1.5B yet bank $550M in the same month while paying off over $1B in Debt. Keep ypur Eyes on the Numbers. GAAP Accounting has some Arcane rules. and the looses will "mysteriously" increase along with the Cash balance while Management is crying "Poor Mouth". You haven't EVEN been Lied to YET!! You're going to hear some "Humdingers"!! Lies and Falsehoods that Boggle the mind!!

AT83

AMR loses $619 million in February (good thing there were only 29 days) | Airline Biz Blog | dallasnews.com

UPDATE: In response to a question raised in a comment, AMR's cash went up to a large extent because its current liabilities increased $523 million between Jan. 31 and Feb. 29. In particular, its air traffic liabilities -- essentially, the amount it has collected in ticket sales for trips not yet taken -- went up $372 million.

In addition, AMR recorded $284 million for sale leaseback transctions, which I believe are related to new aircraft upon which it has taken delivery. In contrast, it had $107 million going out in February in capital expenditures, including deposits on aircraft leases.


The cash going up is part of how assets always have to equal equity plus liability on the balance sheet. It's Generally Accepted Accounting Practices, not some fuzzy math conspiracy. There are many things to be upset over in the BK but the fact that we had enough pre-sales to have that large impact on the balance sheet is not one of them. IMHO this shows that customers still have confidence that the airline will be around to fly them on their trip this summer.

Globaldriver53

That is why we became aveaters......