StarAC17 From Canada, joined Aug 2003, 3671 posts, RR: 10 Posted (12 years 1 month 3 days 14 hours ago) and read 2275 times:
I haven't seen any threads on this at all so i'm going to ask. How did AC perform is the 3rd quarter (I would think it would be much better than the second)? Will they emerge from Ch. 11 by 2004 or not?
CanadaEH From Canada, joined Jul 2003, 1341 posts, RR: 3
Reply 2, posted (12 years 1 month 3 days 14 hours ago) and read 2251 times:
I think we all know that it is bad news.
The company also said its third-quarter financial report, which had been tentatively scheduled for release Thursday, will be delayed while the company completes a financial review related to its restructuring, including reorganization charges that could widen its reported losses.
Air Canada said it "will report its financial results once this review is completed."
Air Canada wil report its Third Quarter results on Nov. 10, and don't expect Air Canada to emerge from bankruptcy protection until early to mid 2004.