jetcareers - View Single Post - Since when does a bankrupt company pay bonuses?

Sean_S · March 19th, 2005, 12:53

[ QUOTE ]
[ QUOTE ]
We can also look at the fact that Tilton increased operating revenue by $1.4 billion while decreasing loss from operations by half a billion.

[/ QUOTE ]

Those are the numbers that kind of shocked me. Great that revenue is up. A little worrying that this revenue increase isn't making it to the bottom line.

[/ QUOTE ]

Yep, it’s good to see them making more money from operations while it’s costing them less to do it. The problem this year is some outside expenses UAL had to pay in order to reduce debt, although they were able to get rid of pensions they had to pay the feds a nice chunk of change in order to take them. I think after they pay the associated fees and contributions to complete the reorg they will be making money. It looks like when UAL first went into chapter 11 they just ran operations as normal and reaped the benefits provided by the courts with out any planning for the future, but it looks like things are slowly starting to show now.

March 19th, 2005, 12:53	#22
Sean_S Junior Member Join Date: Mar 2005 Posts: 241	Re: Since when does a bankrupt company pay bonuses? [ QUOTE ] [ QUOTE ] We can also look at the fact that Tilton increased operating revenue by $1.4 billion while decreasing loss from operations by half a billion. [/ QUOTE ] Those are the numbers that kind of shocked me. Great that revenue is up. A little worrying that this revenue increase isn't making it to the bottom line. [/ QUOTE ] Yep, it’s good to see them making more money from operations while it’s costing them less to do it. The problem this year is some outside expenses UAL had to pay in order to reduce debt, although they were able to get rid of pensions they had to pay the feds a nice chunk of change in order to take them. I think after they pay the associated fees and contributions to complete the reorg they will be making money. It looks like when UAL first went into chapter 11 they just ran operations as normal and reaped the benefits provided by the courts with out any planning for the future, but it looks like things are slowly starting to show now.