As soon as they find someone crazy enough to provide exit financing!
-After what is happening to the creditors from GM and Chrysler, financing is gonna be WAAY harder to obtain!
-Welcome to socialism!
I think its a good idea to stay in bankruptcy protection until they find the best financing deal. Bankruptcy protection gives them them a strong advantage over competitors. Its a great airline and I am really glad they are proving a lot of negative critics on this website wrong. Hang in there guys.
The only thing BK "gives" us right now is $2 Million per month in attorney fees. Every lease, contract, agreement that needed to be reworked has already been taken care of by now. Operating within Ch. 11 does nothing but burn cash.
So then I guess its just a matter of finding the right financer. Does Menke say there are any promising leads?
Only know what I read in the papers, might have refered to an operating profit, but when other expense like atty's get thrown in earnings are diluted.I don't know where you're getting that. I see a $4.36 per share loss for the quarter ending in March and the June earnings have not yet been announced. Are you talking operating profits?
I think I found the source. It was not a quarterly report but the April report of 2.356 million net profit. That is looking much better. See page 5 of this 10-K.Reported a 2.4M profit last quarter