USAir Info?

[FLB717]

Anyone know how much money USAir now has, and what it's burn rate is?

 

[lowecur]

us airways cash

Last reported on 11/30/04, or approx 45 days ago: $822M. Cash burn rates will be in focus once the next balance sheet is seen with the year end figures. November Cash burn was almost $2M per day, but that figure included a one time $10M for reorganization. Payroll reductions of 21% were included in the Nov figures, but the pension and medical were not, and this saves almost $250M annually. Plus GECAS has agreed to the lease deferral on the planes.

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0000701345%2D04%2D000053%2Etxt&FilePath=%5C2004%5C12%5C23%5C&CoName=US+AIRWAYS+GROUP+INC&FormType=8%2DK&RcvdDate=12%2F23%2F2004&pdf=