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ATA posts $1.66 million August operating profit
By Caroline Salls
Pittsburgh, Oct. 3 - ATA Holdings Corp. reported a $1.66 million operating profit for August on revenues of $102.93 million, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of Indiana.
In July, the company posted a $4.54 million operating profit on revenues of $104.63 million.
The net loss for August was $53,000, down from a $2.97 million July net profit.
Cash and cash equivalents at Aug. 31 were $81.71 million, compared to $90.25 million at the end of July.
Indianapolis-based ATA, the parent of ATA Airlines, filed for bankruptcy on Oct. 26, 2004. Its Chapter 11 case number is 04-19866.
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