Penguinflies From United States of America, joined Apr 2000, 981 posts, RR: 0 Posted (11 years 11 months 6 days 7 hours ago) and read 1001 times:
but still has $30 million in cash reserves. Revenues were down 4% over 2000, and some expense was for the merger. This is slightly different than what KITV had reported in February, because this came off the forms submitted to the DOT.
"The figures filed at the Department of Transportation are not comparable with the fourth-quarter estimate Aloha included in the bulky disclosure issued earlier this year in connection with the proposed merger with Hawaiian."
Penguinflies From United States of America, joined Apr 2000, 981 posts, RR: 0
Reply 2, posted (11 years 11 months 5 days 20 hours ago) and read 958 times:
Really a coupon sale, in the last 13 days of the year? When was the coupon sale (and why didn't my mom buy some some coupons)? I thought these figues were just for FY 2001 (Ending Dec 31). They claim $6 million for the merger expenses and then about another $6 million for loss from operations and other "extra" items. Hal, do you think AQ and Turnworks will win out on the termination fee ($3 million and $1 million)?
HAL From United States of America, joined Jan 2002, 2519 posts, RR: 53
Reply 3, posted (11 years 11 months 5 days 18 hours ago) and read 951 times:
Not likely. The HA Board of Directors merely followed the merger agreement language that allowed them to back out after April 18th. Any one of the parties could have pulled out on or after that date - it just happend to be us. I don't see where there was any breach of contract.
One smooth landing is skill. Two in a row is luck. Three in a row and someone is lying.