Manufacturing Industry
ATA Airlines reports net profit for July
Airline Industry Information, Sept 2, 2005
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD
ATA Airlines, currently in Chapter 11 bankruptcy protection, has reported a net income of USD2.97m for July 2005.
The result reportedly includes expenses related to the carrier's reorganisation, with income before the reorganisation costs reported as USD4.13m. ATA has asked for court permission to void a labour contract, a move that could help in gaining USD100m from equity investors, Reuters reported.
ATA Airlines filed for bankruptcy in October last year.
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