Topic Author
Posts: 3455
Joined: Thu Aug 07, 2003 11:54 am

AC's 3rd Quarter Results

Fri Oct 31, 2003 10:57 am

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?
Engineers Rule The World!!!!!
Posts: 6251
Joined: Tue Feb 13, 2001 1:33 am

RE: AC's 3rd Quarter Results

Fri Oct 31, 2003 10:59 am

3Q results were to be announced today, but AC has delayed the results until next week. Makes you wonder how bad the news really is.
"it's kind of like an Airbus, it's an engineering marvel, but there's no sense of passion" -- J. Clarkson re: Coxster
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Joined: Tue Jul 22, 2003 5:53 am

RE: AC's 3rd Quarter Results

Fri Oct 31, 2003 11:05 am

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.

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