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critterair2

Well-known member
Joined
Jan 29, 2002
Posts
104
Heard a rumor from a USAir guy that their flight att. MEC is saying that Spirit will follow ATA, Aloha, and Skybus...next week. Who's hearing what?
 
Spirit's cash/equivalents weren't a problem at the end of Q3; unless they flushed a lot of money in the last 6 months, I don't see it.
 
Equivalents?

Andy, do you know if the cash equivalents have been devalued or temporarily frozen? As you know, access to your cash is the name of the game now.
 
For what it is worth, take a look at the March numbers for F9:

http://biz.yahoo.com/prnews/080404/laf021.html?.v=101

Obviously, this is only a month and fuel is a huge killer, but things are not a bad as one might think. Also, the numbers below reflect $170,000,000 in cash at the end of 2007. Loss this quarter along with proceeds from sale of 4 aircraft are probably a wash, if not a small net gain in cash.

FRONTIER AIRLINES HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET DATA (Unaudited)
(IN THOUSANDS)


December 31,
March 31,
2007
2007
Balance Sheet Data :
Cash and cash equivalents
$
170,434
$
202,981
Current assets
$
291,636
$
340,405
Total assets
$
1,126,748
$
1,042,868
Current liabilities
$
370,481
$
359,326
Long-term debt
$
537,236
$
451,908
Total liabilities
$
933,176
$
833,372
Stockholders' equity
$
193,572
$
209,496
Working capital (deficit)
$
(78,845
 )
$
(18,921
 )
 
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Sun Country, Spirit, then Frontier. Air Tran and Jet Blue are in a bad way, but may make it.
 
Andy, do you know if the cash equivalents have been devalued or temporarily frozen? As you know, access to your cash is the name of the game now.

This is a link Beetle posted a few days ago: http://www.transtats.bts.gov/Fields.asp?Table_ID=279

NK's cash: 60,569,000
NK's equivalents (short term investments): 37,925,000

Those numbers are from the end of Q3 last year, but they had more than enough cash for their size.

Yes, the commercial paper market has pretty much seized frozen solid. And the actions that the Fed's taken (giving access to the discount window to every swinging dick) is making matters worse.
 
Sun Country, Spirit, then Frontier. Air Tran and Jet Blue are in a bad way, but may make it.

You know fellas, this is very unclassy and in poor taste. Predicting the falure of airlines is a hot topic but to name airlines on a public forum is just wrong unless you have hard data that proves your prediction beyond a reasonable doubt. This is not a static industry. Lots of things will change. Those of you that predict the demise of others with a sense of glee in your voice (or posts) are either new to the industry or lack character.
 
BTW, Deadalus I know you are a pretty good guy and didn't intend to flame. My post was general in nature and targeted at the "everybody but my" airline hater club. It just gets tiring after 14 years of people telling you that you won't make it to the end of the year. There were times years ago that it was very plausible (weeks worth of cash), but F9 isn't even close to those days right now.
 
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