Amended 10-k And 10-q

Ahhh the Worl dcontinues to turn with the theroist on here. What will happen next? Will Bob see Sara? Will US finally have the nail driven so hard you cant open the door? Will Bruce survive yet another attack by those unions boys and girls who hate any management team Us has? These and other questions to be asnwered shortly.
 
usfliboi said:
Ahhh the Worl dcontinues to turn with the theroist on here. What will happen next? Will Bob see Sara? Will US finally have the nail driven so hard you cant open the door? Will Bruce survive yet another attack by those unions boys and girls who hate any management team Us has? These and other questions to be asnwered shortly.
[post="173602"][/post]​
SPELL CHECK INOP THERE,ACE?
 
Instead of speculating about it, go to the US Airways website and look at it for yourself:

http://investor.usairways.com/edgar.cfm

The reason that it's a restatement of past financial statements is because that is when the originals of the contracts were filed. So this amounts to a modification of those statements. There's nothing bad going on here. No one's pooch has been screwed.

jimntx said:
Try not to be so pompous. Besides, you ignored the real point of the whole thread. We are not talking about the price paid for an airplane purchased yesterday. We are talking about some financial issue that requires a restatement of LAST YEAR'S 10-K and the 10-Q for the first quarter of this year. (In case you were unaware, we are now in the 3rd quarter of the year.) What "commercially sensitive" information would have to be added to previously published information?
[post="173484"][/post]​
 
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vc10 said:
The reason that it's a restatement of past financial statements is because that is when the originals of the contracts were filed. So this amounts to a modification of those statements. There's nothing bad going on here. ..
[post="173607"][/post]​

Having now read the filings, I'd say that changes to aircraft delivery schedules and default events with Embraer and Bombardier are matters that materially affect the value of public debt and equity holdings but are of insignificant competitive interest.

US should fill in a lot of those asterisks. This deliberate obfuscation matches US's practice of never making balance sheet data available simultaneously with the quarterly "earnings" releases.
 

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