There was a 10 million dollar debt extinguishment They got a 16 million dollar gift from uncle sugar for payroll support.
In evaluating their results I think you need to remove those as one of them is a once off and the other is not going to last. I'm treating that as meaning about 70% of their income last quarter is non-recurring. Realistic earnings are probably more like .16 rather than the .51 reported. Against a price under 2 dollars that does look cheap especially with air traffic picking up.
On the other hand they have trash jets that nobody wants that are being phased out by carriers. I'm not convinced they have a place for them when their current contracts run out.
You probably do OK here and I was tempted to trade it. Still am actually, but I wouldn't get in too deep.
News 
Market Data 
Discover 
