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ATA Posts Operating Profit And Net Loss  
User currently offlineALSF 2 From United States of America, joined Apr 2002, 89 posts, RR: 1
Posted (11 years 8 months 3 days 2 hours ago) and read 2991 times:

Here is it.

http://biz.yahoo.com/bw/030429/295511_1.html

It's good to see ATA is turning things around... almost out of the woods!

Cheers!


4 replies: All unread, jump to last
 
User currently offlineWMUPilot From United States of America, joined Jan 2003, 1473 posts, RR: 12
Reply 1, posted (11 years 8 months 3 days ago) and read 2951 times:

Yup....don't count us out of the picture yet. Hopefully with some of the passenger loads that i've been seeing recently we can post an operational and net profit!


JetBlue - Bringing humanity back to air travel
User currently offlineLaxintl From United States of America, joined May 2000, 26169 posts, RR: 50
Reply 2, posted (11 years 8 months 2 days 22 hours ago) and read 2913 times:

While ATA might be able to generate a operating profit, the company does have a high debt burden with some very large payments due in 2003. The ability to get relief, or reschedule some of this debt is a large factors in the companies future.


From the desert to the sea, to all of Southern California
User currently offlineOuboy79 From United States of America, joined Nov 2001, 4616 posts, RR: 23
Reply 3, posted (11 years 8 months 2 days 19 hours ago) and read 2881 times:

What you people don't realize is that most of the loses come from writing off older equipment. When you dig deep down in the books, they are not hurting what so ever. Of course the only people that know that are those whom have seen the company books opened up completely - namely union reps. Hint.

User currently offlineGnomon From , joined Dec 1969, posts, RR:
Reply 4, posted (11 years 8 months 1 day 19 hours ago) and read 2824 times:

Laxintl --

Do you have confidence that ATA will be able to reschedule the debt payments coming up -- or at least get some relief from them?

I didn't know ATA was so heavily indebted until they got put on CreditWatch a couple of weeks ago.


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