Sea Containers March operating loss slips to $10.46 million

By Caroline Salls

Pittsburgh, April 30 - Sea Containers Ltd. reported a $10.46 million operating loss for March on negative $4.16 million in revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The operating loss widened from a $7.89 million February operating loss on $2.45 million in revenues.

The March net loss was $12.43 million, widening somewhat from a $12.33 million February net loss.

Cash and cash equivalents on March 31 were $30.12 million, compared with $37.25 million at the end of February.

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.

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