Sea Containers posts $15.97 million May operating loss

By Caroline Salls

Pittsburgh, July 3 - Sea Containers Ltd. reported a $15.97 million operating loss for May on $10.5 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 $2.48 million in April, when the company posted $2.48 million in revenues.

The May net loss was $19.92 million, widening from a $6.33 million April net loss.

Cash and cash equivalents on May 31 were $19.14 million, compared with $25.22 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.

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