Global Aviation reports zero net loss for February; revenue declines

By Caroline Salls

Pittsburgh, April 29 - Global Aviation Holdings, Inc. reported zero net loss for February on $627,397 in revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Those numbers compare to the $0.02 net loss posted in January on $835,081 in revenue.

The company also had negative $130,284 in unrestricted cash and cash equivalents as of Feb. 28, declining from negative $21,540 at the end of January.

Global Aviation, a Peachtree City, Ga.-based provider of charter air transportation for the U.S. military and of commercial global passenger and cargo air transportation services, filed for bankruptcy on Nov. 12. The Chapter 11 case number is 13-12945.

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