ALSF 2
Topic Author
Posts: 83
Joined: Mon Apr 01, 2002 12:28 pm

ATA Posts Operating Profit And Net Loss

Tue Apr 29, 2003 10:49 pm

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!
 
WMUPilot
Posts: 1428
Joined: Thu Jan 30, 2003 2:48 am

RE: ATA Posts Operating Profit And Net Loss

Wed Apr 30, 2003 12:32 am

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
 
LAXintl
Posts: 20183
Joined: Wed May 24, 2000 12:12 pm

RE: ATA Posts Operating Profit And Net Loss

Wed Apr 30, 2003 2:51 am

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
 
ouboy79
Posts: 4111
Joined: Sun Nov 18, 2001 1:48 pm

RE: ATA Posts Operating Profit And Net Loss

Wed Apr 30, 2003 5:29 am

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.
 
Gnomon
Posts: 894
Joined: Thu Jun 03, 1999 12:38 pm

High Debt Load?

Thu May 01, 2003 5:37 am

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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