Time to park some planes, layoff, and jack up rates…:o
http://www.nytimes.com/2011/04/22/business/22air.html?src=busln
By: nJayM - 21st April 2011 at 22:11
Hazarding a guess but a third of that could be attributed to mergered to
Hazarding a guess but a third of that could be attributed to merger integration/related costs.
Revenue stream is up though and that probably means reasonable cash flow will keep them from needing Chapter 11 protection at least for now.
Let’s see what each one’s share of the final year end accounts yield and also what the full year group accounts show.
Maybe early days to speak about redundancies or route closures but some economy measures will help.
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April 21, 2011 at 4:56 pm