Well... TWA got by on the basis of cash flow for many years, despite loses.
However, cash flow can't save the company alone. I would suspect UAIR is looking to see if they have any other oddball assets like the hotwire.com stake that they can sell.
My guess is that UAIR gets by the ATSB loan covenants with pennies to spare.
However, cash flow can't save the company alone. I would suspect UAIR is looking to see if they have any other oddball assets like the hotwire.com stake that they can sell.
My guess is that UAIR gets by the ATSB loan covenants with pennies to spare.
