ATA Holdings Corp., which has been operating under Chapter 11 since October 2004, reported a massive $816.9 million net loss available to shareholders for 2004 in its annual report filed with the US Securities and Exchange Commission last week. The figure included $638.5 million in reorganization expenses and a noncash charge of $27.3 million related to the company's bond exchange in the first quarter. This compares to a net income of $15.8 million in 2003, which was bolstered by $37.2 ...

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