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FLYi posts zero net operating income again in July
By Caroline Salls
Pittsburgh, Aug. 21 - FLYi, Inc. reported zero net operating income on zero revenue for July, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
The company also reported zero net operating income on zero revenue in June, May, April and March.
The net loss for July was $600,292, down from a $4.45 million June net loss.
Cash and cash equivalents on July 31 were $1.21 million, compared with $1.20 million on June 30.
FLYi, the Dulles, Va.-based parent of Independence Air, filed for bankruptcy on Nov. 7, 2005. Its Chapter 11 case number is 05-20011.
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