On a brighter note, the company said it had $2.7 billion in cash as of yesterday, $250 million of that raised through financing backed by some of American''s last unfettered aircraft. At the end of the first quarter, American had $1.8 billion in cash.
On a brighter note
- Thread starter FA Mikey
- Start date
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On 7/17/2003 10:07:04 AM FA Mikey wrote:
On a brighter note, the company said it had $2.7 billion in cash as of yesterday, $250 million of that raised through financing backed by some of American''s last unfettered aircraft. At the end of the first quarter, American had $1.8 billion in cash.
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Exactly!On 7/17/2003 10:07:04 AM FA Mikey wrote:
On a brighter note, the company said it had $2.7 billion in cash as of yesterday, $250 million of that raised through financing backed by some of American''s last unfettered aircraft. At the end of the first quarter, American had $1.8 billion in cash.
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And even brighter, AMR only burned thru $13 million in cash the entire quarter on operations and interest payments (excluding government payment, capital expenditures and debt principal payments).
To compare, CO was cash positive by $27 million, and DL burned thru $63 million. Neither of those carriers recently reduced its marching army costs like AA did. Look for AA to shine in the 3rd and 4th quarters compared to these two.
With the reduced expenses for Q3 (another $200 million reductions over Q2) and Q4 (another $250 million reductions over Q2), AMR looks to be cash positive going forward. Maybe AA will survive after all.
And yes, each and every 10-Q and 10-K will mention the possibility of bankruptcy for the forseeable future. The securities lawyers (at AA and the SEC) wouldn''t have it any other way. If I were advising AA, references to it would forever be in those documents.
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On 7/17/2003 10:07:04 AM FA Mikey wrote:
On a brighter note, the company said it had $2.7 billion in cash as of yesterday, $250 million of that raised through financing backed by some of American''s last unfettered aircraft. At the end of the first quarter, American had $1.8 billion in cash.
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Just another reason folks from STL will fly United to ORD instead of paying the high fares that AA is going to charge for flights thru ORD-DFW.On 7/17/2003 10:07:04 AM FA Mikey wrote:
On a brighter note, the company said it had $2.7 billion in cash as of yesterday, $250 million of that raised through financing backed by some of American''s last unfettered aircraft. At the end of the first quarter, American had $1.8 billion in cash.
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BIG push for business in STL media for Boycott of AA watch what happens next , maybe ORD will close and AA will be left with all flights Orig from DFW?
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On 7/17/2003 11
10 AM F/Oaa wrote:
BIG push for business in STL media for Boycott of AA watch what happens next , maybe ORD will close and AA will be left with all flights Orig from DFW?
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Yea,... Boycott, Then maybe AA pulls out of STL all-together. More jobs lost and then what? Boycott more AA flights that aren't there. Maybe if they show support AA may add flights back Just anotyer way to look at it. On 7/17/2003 11
10 AM F/Oaa wrote: ----------------
On 7/17/2003 10:07:04 AM FA Mikey wrote:
On a brighter note, the company said it had $2.7 billion in cash as of yesterday, $250 million of that raised through financing backed by some of American's last unfettered aircraft. At the end of the first quarter, American had $1.8 billion in cash.
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Just another reason folks from STL will fly United to ORD instead of paying the high fares that AA is going to charge for flights thru ORD-DFW.On 7/17/2003 10:07:04 AM FA Mikey wrote:
On a brighter note, the company said it had $2.7 billion in cash as of yesterday, $250 million of that raised through financing backed by some of American's last unfettered aircraft. At the end of the first quarter, American had $1.8 billion in cash.
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BIG push for business in STL media for Boycott of AA watch what happens next , maybe ORD will close and AA will be left with all flights Orig from DFW?
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Use it or loose it....
AC AA LA FA
Veteran
no...they just drive a few hours north and all boycot ORD flts.....yea......yea......YEA!!!!
MrMarky
Advanced
As for the post above talking about how such a boycott will only result in more job losses, what jobs? Whose jobs? How many people did AA employ at STL prior to their purchase of TWA? Probably well less than 100 I would guess. Most supermarkets employ more than that. A good chunk of those "lost jobs" are likely AA people brought in from elsewhere in the system to replace the TWA people who were dumped.
Wild Onion
Advanced
- Aug 21, 2002
- 120
- 0
Oh good grief! Business exist to make money. TWA didn''t and died. AA can''t in STL and is giving up. No one is pure evil, and no one is out to "get" anyone. It''s business and it sucks sometimes. Get a helmet.
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On 7/17/2003 10:07:04 AM FA Mikey wrote:
On a brighter note, the company said it had $2.7 billion in cash as of yesterday, $250 million of that raised through financing backed by some of American''s last unfettered aircraft. At the end of the first quarter, American had $1.8 billion in cash.
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Exactly!
And even brighter, AMR only burned thru $13 million in cash the entire quarter on operations and interest payments (excluding government payment, capital expenditures and debt principal payments).
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These are some good news. I hope the future is brighter as you say.
Can anybody please explain how the company achieved such a feat?
I understand we lost money for the quarter (even after government help).
How did they manage to add (900-250)650 million to the cash total ?
Did we raise more cash in addition to the 250 million from the aircraft?
Does anybody know?
On 7/17/2003 10:07:04 AM FA Mikey wrote:
On a brighter note, the company said it had $2.7 billion in cash as of yesterday, $250 million of that raised through financing backed by some of American''s last unfettered aircraft. At the end of the first quarter, American had $1.8 billion in cash.
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Exactly!
And even brighter, AMR only burned thru $13 million in cash the entire quarter on operations and interest payments (excluding government payment, capital expenditures and debt principal payments).
-------------------
These are some good news. I hope the future is brighter as you say.
Can anybody please explain how the company achieved such a feat?
I understand we lost money for the quarter (even after government help).
How did they manage to add (900-250)650 million to the cash total ?
Did we raise more cash in addition to the 250 million from the aircraft?
Does anybody know?
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On 7/21/2003 8:02:01 AM limit wrote:
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On 7/17/2003 10:07:04 AM FA Mikey wrote:
On a brighter note, the company said it had $2.7 billion in cash as of yesterday, $250 million of that raised through financing backed by some of American''s last unfettered aircraft. At the end of the first quarter, American had $1.8 billion in cash.
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Exactly!
And even brighter, AMR only burned thru $13 million in cash the entire quarter on operations and interest payments (excluding government payment, capital expenditures and debt principal payments).
-------------------
These are some good news. I hope the future is brighter as you say.
Can anybody please explain how the company achieved such a feat?
I understand we lost money for the quarter (even after government help).
How did they manage to add (900-250)650 million to the cash total ?
Did we raise more cash in addition to the 250 million from the aircraft?
Does anybody know?
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Cash increased because of the approximately $380 million federal handout, the $180 million from the sale of WorldSpan, and the $250 million aircraft financing, plus the fact that cash flow from operations was positive in May and June (thanks to the concessions). AA still "lost" money on a GAAP basis, but finally turned cash flow positive (big difference between the two). AA is turning the corner.On 7/21/2003 8:02:01 AM limit wrote:
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On 7/17/2003 10:07:04 AM FA Mikey wrote:
On a brighter note, the company said it had $2.7 billion in cash as of yesterday, $250 million of that raised through financing backed by some of American''s last unfettered aircraft. At the end of the first quarter, American had $1.8 billion in cash.
----------------
Exactly!
And even brighter, AMR only burned thru $13 million in cash the entire quarter on operations and interest payments (excluding government payment, capital expenditures and debt principal payments).
-------------------
These are some good news. I hope the future is brighter as you say.
Can anybody please explain how the company achieved such a feat?
I understand we lost money for the quarter (even after government help).
How did they manage to add (900-250)650 million to the cash total ?
Did we raise more cash in addition to the 250 million from the aircraft?
Does anybody know?
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MCI transplant
Veteran
- Jun 4, 2003
- 5,311
- 584
- Banned
- #13
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On 7/21/2003 1
31 AM Wild Onion wrote:
Oh good grief! Business exist to make money. TWA didn''t and died. AA can''t in STL and is giving up. No one is pure evil, and no one is out to "get" anyone. It''s business and it sucks sometimes. Get a helmet.
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We don''t see it quite that way! Just remmber,"What go''es arround, comes arround!" Just for the record, TWA was killed off by the same greed we''re seeing at A.A.!On 7/21/2003 1
31 AM Wild Onion wrote: Oh good grief! Business exist to make money. TWA didn''t and died. AA can''t in STL and is giving up. No one is pure evil, and no one is out to "get" anyone. It''s business and it sucks sometimes. Get a helmet.
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Good riddance.
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Yea,... Boycott, Then maybe AA pulls out of STL all-together. More jobs lost and then what? Boycott more AA flights that aren''t there. Maybe if they show support AA may add flights back Just anotyer way to look at it.
Use it or loose it....
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Yea,... Boycott, Then maybe AA pulls out of STL all-together. More jobs lost and then what? Boycott more AA flights that aren''t there. Maybe if they show support AA may add flights back Just anotyer way to look at it.
Use it or loose it....
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DFWCC says, Don''t miss read me. I love STL I was there for 2 months as part of the transition team. I made some freinds and I know they are hard working people there. I also must say I thought their work load was more than at the DFW hub. They did a great job with what they had and I really admired them. I am truly sorry things could not have worked out better for all concerned.
