Thursday, October 22, 2009

US Airways Confuses Liquidity Presentation

US Airways Group (LCC) announced results and glossed over liquidity issues. Under current assets they report Cash, cash equivalents and investments in marketable securities of approximately $1,242 million. Under other assets they report $228 of investments in marketable securities. No tangible information on what type of tangible securities, yields, maturities or anything else that an investor could use to come to a rationale conclusion. This is a lack of transparency about liquidity.