Sea Containers operating loss falls to $20.45 million in May

By Caroline Salls

Pittsburgh, July 9 - Sea Containers Ltd. reported a $20.45 million operating loss for May on revenues of $2.84 million, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In April, the company posted a $1.29 million operating loss on revenues of $1.95 million.

The May net loss was $24.36 million, up from a $4.67 million April net loss.

Cash and cash equivalents on May 31 were $24.87 million, compared with $34.04 million at the end of April.

Sea Containers, a Hamilton, Bermuda-based provider of passenger and freight transport and marine container leasing, filed for bankruptcy on Oct. 15, 2006. Its Chapter 11 case number is 06-11156.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.