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3 Troubled Airlines found on Yahoo Finance

OurMoney1

Well-known member
Joined
May 4, 2008
Posts
450
Total Time
10000
Numbers for 3 troubled airlines

  • <LI class=byline>By The Associated Press
  • On Wednesday August 26, 2009, 12:27 pm EDT
US Airways, United Airlines and American Airlines are seen as the major carriers most at risk of a cash crisis, even possible bankruptcy, by early next year. Some analysts predict they will have less cash for their size than US Airways, Delta and Northwest did when they filed for bankruptcy protection in 2004-05.



Here are some key financial numbers on each, plus major airline-industry bankruptcy filings of the past 10 years:
-- US Airways Group Inc., based in Tempe, Ariz.
2008 results, $12.1 billion in revenue, net loss of $2.2 billion; unrestricted cash on June 30, $1.7 billion.
-- United Airlines parent UAL Corp., based in Chicago.
2008 results, $20.2 billion in revenue, net loss of $5.3 billion; unrestricted cash on June 30, $2.6 billion.
-- American Airlines parent AMR Corp.
2008 results, $23.8 billion in revenue, net loss of $2.1 billion; unrestricted cash on June 30, $2.8 billion.
Major airline bankruptcy filings since 1999:
-- Delta Air Lines, September 2005
-- Northwest Airlines, September 2005
-- ATA Airlines, October 2004
-- US Airways, September 2004
-- United Airlines, December 2002
-- US Airways, August 2002, Note A
-- Trans World Airlines, January 2001, Note B
Note A -- This carrier later combined with America West Airlines to form US Airways Group Inc.
Note B -- While in bankruptcy protection, TWA was purchased by AMR and no longer operates as a separate carrier.
Sources: Company regulatory filings, press releases.
 

Hpilot

Well-known member
Joined
Mar 25, 2005
Posts
695
Total Time
7000
Numbers for 3 troubled airlines

  • <LI class=byline>By The Associated Press
  • On Wednesday August 26, 2009, 12:27 pm EDT
US Airways, United Airlines and American Airlines are seen as the major carriers most at risk of a cash crisis, even possible bankruptcy, by early next year. Some analysts predict they will have less cash for their size than US Airways, Delta and Northwest did when they filed for bankruptcy protection in 2004-05.



Here are some key financial numbers on each, plus major airline-industry bankruptcy filings of the past 10 years:
-- US Airways Group Inc., based in Tempe, Ariz.
2008 results, $12.1 billion in revenue, net loss of $2.2 billion; unrestricted cash on June 30, $1.7 billion.
-- United Airlines parent UAL Corp., based in Chicago.
2008 results, $20.2 billion in revenue, net loss of $5.3 billion; unrestricted cash on June 30, $2.6 billion.
-- American Airlines parent AMR Corp.
2008 results, $23.8 billion in revenue, net loss of $2.1 billion; unrestricted cash on June 30, $2.8 billion.
Major airline bankruptcy filings since 1999:
-- Delta Air Lines, September 2005
-- Northwest Airlines, September 2005
-- ATA Airlines, October 2004
-- US Airways, September 2004
-- United Airlines, December 2002
-- US Airways, August 2002, Note A
-- Trans World Airlines, January 2001, Note B
Note A -- This carrier later combined with America West Airlines to form US Airways Group Inc.
Note B -- While in bankruptcy protection, TWA was purchased by AMR and no longer operates as a separate carrier.
Sources: Company regulatory filings, press releases.

United first, Airways next, American maybe. A lot of people tried telling Parker he was attaching to the Titanic, but oh no, he's soooo much smarter than us:rolleyes:
 

General Lee

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Joined
Aug 24, 2002
Posts
20,442
Total Time
A lot
There are airlines out there with a lot of debt and not much ability to refinance. It also doesn't help that oil is back up to over $70 a barrel for no real reason. (we are in a recession BTW....)

AMR has a pretty good amount of cash on hand, but every union has a contract coming up, and they don't have the "advantage" of not paying pensions. United had that advantage, but squandered it with Tilton at the helm. USAir is having integration problems, and probably never will be able to integrate the two for "synergies....."


Bye Bye--General Lee
 
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