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Old 22nd Dec 2001, 01:33
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Montt
 
Join Date: Jul 2001
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KHA suffered a $44.6 million net loss in the third quarter on a a meager $21.2 in revenues. The company was to return to bankruptcy court on 19 December with a year-end liquidation a distinct possibility. Have not heard about the outcome of the hearing.

Capitol Cargo also suffered third quarter losses ($2.7 million on revenues of $7.4 million) but is poised for a turnaround after winning the wet lease contract from BAX formerly held by KHA.

Hope this can help as possible hints.
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