The company said Delta hadn't affected operations, so I'd be wary of using this as an excuse.
Basically, it comes down to costs being way too high. Costs have actually been relatively stable and even gradually falling over recent months. So perhaps there is a reason why they jumped so high in this quarter. Idk.
And the other problematic issue is revenue. Its simply all over the place (although free falling over the past two quarters) and its virtually impossible to get a reading of what to expect moving forward.
Yes, the company still has a decent stockpile of money from the CR. But its been almost four-months since the raise and they still haven't announced anything
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-37
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