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ATA posts $11.06 million November operating loss
By Caroline Salls
Pittsburgh, Jan. 3 - ATA Holdings Corp. reported an $11.06 million operating loss for November on revenues of $68.65 million, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Indiana.
In October, the company posted an $8.47 million operating loss on revenues of $80.48 million.
The net loss was November $19.08 million, up from a $9.74 million October net loss.
Cash and cash equivalents at Nov. 30 were $61.69 million, compared with $63.30 million at the end of October.
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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