StevenUhl777 From , joined Dec 1969, posts, RR:
Reply 1, posted (8 years 12 months 11 hours ago) and read 2113 times:
Sure isn't. Assuming $475mm each quarter, that's $1.9 billion total for the year, or $5.2mm per day.
I'm even more curious to see the cash burn rate per day, and where unrestricted cash is currently at, and where it's headed. That's key...
Excluding reorg. costs, NWA is still losing money operationally, though they are at the start of the process, and have a long way to go. They have no bones whatsoever about sticking it to the employees...at least UA was willing to negotiate in "good faith" and secured agreements (and relative labor peace) until 2009.