EX-99 2 dex99.txt MONTHLY OPERATING REPORT FOR 03/01 EXHIBIT 99.1 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE

*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. DEBTOR: TransWorld Airlines, Inc., et al. SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS FORM MOR-1 REPORTING PERIOD: March 31, 2001 CASE NO.: 01-00056 (PJW) through 01-00082 (PJW)

Note: See attached Statement 4 regarding subsidiaries not listed. DEBTOR: Trans World Airlines, Inc., et al. SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS FORM MOR-1 REPORTING PERIOD: March 31, 2001 CASE NO.: 01-00056 (PJW) through 01-00082 (PJW)

Note: See attached Statement 4 regarding subsidiaries not listed. DEBTOR: Trans World Airlines, Inc., el al. FORM MOR-2 CASE NO.: 01-00056 (PJW through 01-00082 (PJW) STATEMENT OF OPERATIONS (Income Statement) REPORTING PERIOD: March 31, 2001 Note: See attached Statement 4 regarding subsidiaries not listed. DEBTOR: Trans World Airlines, Inc. FORM MOR-2 CASE NO.: 01-00056 (PJW) STATEMENT OF OPERATIONS (Income Statement) REPORTING PERIOD: March 31, 2001

Note: The Trans World Airlines, Inc. ("TWA") accounting system did not allow for the segregation of operations for the period from December 31, 2000 to the filing of the Chapter 11 bankruptcy petition (January 10, 2001). Accordingly, TWA was not able to allocate income and expenses between pre- and post-petition periods for the month of January, 2001. The year to date income statements for the period ending March 31, 2001 represent activity from January 1, 2001 through March 31, 2001. DEBTOR: Northwest 112th Street Corporation FORM MOR-2 CASE NO.: 01-00060 (PJW) STATEMENT OF OPERATIONS (Income Statement) REPORTING PERIOD: March 31, 2001 Current Month Year-to-date ------------- ------------ Income/Gain Items Rental Income $ 2,500 $ 7,500 ------------- ------------ Total Income Items 2,500 7,500 Expense/Loss Items Amortization of Gates -- -- ------------- ------------ Total Expense Items -- -- ------------- ------------ Net Income/(Loss) $ 2,500 $ 7,500 ============= ============ Note: The Trans World Airlines, Inc. ("TWA") accounting system did not allow for the segregation of operations for the period from December 31, 2000 to the filing of the Chapter 11 bankruptcy petition (January 10, 2001). Accordingly, TWA was not able to allocate income and expenses between pre- and post-petition periods for the month of January, 2001. The year to date income statements for the period ending March 31, 2001 represent activity from January 1, 2001 through March 31, 2001. DEBTOR: TWA - LAX Gate Company, Inc. CASE NO.: 01-00069 (PJW) STATEMENT OF OPERATIONS (Income Statement) REPORTING PERIOD: March 31, 2001

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. 12 FORM MOR-3 OFFICE OF THE U.S. TRUSTEE BALANCE SHEET REPORTING PERIOD: MARCH 31, 2001 DEBTOR: Northwest 112th Street Corporation CASE NO.: 01-00060 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. 13 OFFICE OF THE U.S. TRUSTEE FORM MOR-3 BALANCE SHEET REPORTING PERIOD: March 31, 2001 DEBTOR: The TWA Ambassador Club, Inc. CASE NO.: 01-00061 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. OFFICE OF THE U.S. TRUSTEE FORM MOR-3 BALANCE SHEET REPORTING PERIOD: March 31, 2001 DEBTOR: Trans World Computer Services, Inc. CASE NO.: 01-00061 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. DEBTOR: Transcontinental & Western Air, Inc. FROM MOR-3 CASE NO.: 01-00063 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. OFFICE OF THE U.S. TRUSTEE FORM MOR-3 BALANCE SHEET REPORTING PERIOD: March 31, 2001 DEBTOR: TWA Group, Inc. CASE NO.: 01-00065 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. OFFICE OF THE U.S. TRUSTEE FORM MOR-3 BALANCE SHEET REPORTING PERIOD: March 31, 2001 DEBTOR: TWA - LAX Gate Company, Inc. CASE NO.: 01-00069 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. OFFICE OF THE U.S. TRUSTEE FORM MOR-3 BALANCE SHEET REPORTING PERIOD: March 31, 2001 DEBTOR: TWA - Omnibus Gate Company, Inc. CASE NO.: 01-00072 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. OFFICE OF THE U.S. TRUSTEE FORM MOR-3 BALANCE SHEET REPORTING PERIOD: March 31, 2001 DEBTOR: TWA - San Francisco Gate Company, Inc. CASE NO.: 01-00073 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. OFFICE OF THE U.S. TRUSTEE FORM MOR-3 BALANCE SHEET REPORTING PERIOD: March 31, 2001 DEBTOR: TWA Nippon, Inc. CASE NO.: 01-00076 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. OFFICE OF THE U.S. TRUSTEE FORM MOR-3 BALANCE SHEET REPORTING PERIOD: March 31, 2001 DEBTOR: TWA Employee Services, Inc. CASE NO.: 01-00077 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. OFFICE OF THE U.S. TRUSTEE BALANCE SHEET REPORTING PERIOD: March 31, 2001 DEBTOR: TWA Getaway Vacations, Inc. CASE NO.: 01-00078 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. OFFICE OF THE U.S. TRUSTEE BALANCE SHEET REPORTING PERIOD: March 31, 2001 DEBTOR: Trans World Express, Inc. CASE NO.: 01-00079 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. OFFICE OF THE U.S. TRUSTEE BALANCE SHEET REPORTING PERIOD: March 31, 2001 DEBTOR: International Aviation Security, Inc. CASE NO.: 01-00080 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. OFFICE OF THE U.S. TRUSTEE FORM MOR-3 BALANCE SHEET REPORTING PERIOD: March 31, 2001 DEBTOR: Getaway Management Services, Inc. CASE NO.: 01-00081 (PJW)

Note: Although liabilities are segregated and identified in order of anticipated priority, no assertions are being made as to the value of collateral, estimated allowed amounts, priority of payments, etc. OFFICE OF THE U.S. TRUSTEE FORM MOR-3 BALANCE SHEET REPORTING PERIOD: March 31, 2001 DEBTOR: The Getaway Group U.K., Inc. CASE NO.: 01-00082 (PJW)

DEBTOR QUESTIONNAIRE Must be completed each month Yes No 1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below. X 2. Have any funds been disbursed from any account other than debtor in possession account this reporting period? If yes, provide an explanation below. X 3. Have all postpetition tax returns been timely filed? If no, provide an explanation below. X 4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. X ========

Statement 1 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In re: Trans World Airlines, Inc., et al. CASE NO.: 01-00056 (PJW) through 01-00082 (PJW) Reporting Period: March 1, 2001 through March 31, 2001

Trans World Airlines, Inc., et al. prepares bank reconciliations on a regular basis as a part of the normal course of business. Statement 2 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In re: Trans World Airlines, Inc., et al. CASE NO.: 01-00056 (PJW) through 01-00082 (PJW) Reporting Period: March 1, 2001 through March 31, 2001

Trans World Airlines, Inc., et al. pays its post petition taxes as they become due as a part of the normal course of business. Statement 3 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In re: Trans World Airlines, Inc., et al. CASE NO.: 01-00056 (PJW) through 01-00082 (PJW) Reporting Period: March 1, 2001 through March 31, 2001

Material post-petition accounts payable of Trans World Airlines, Inc., et al. are being paid as they become due in the normal course of the debtors' business. As of March 31, 2001, the post-petition vendor accounts payable is a net prepaid amount. Detail of the net prepaid vendor balance is available upon request. In addition to vendor payables, accounts payable includes various payroll related payables, Federal excise taxes payable, passenger facility charges, other airline net liabilities, and other miscellaneous accruals and payables. Statement 4 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE ~~In re: Trans World Airlines, Inc., et al. CASE NO.: 01-00056 (PJW) through 01-00082 (PJW) Reporting Period: March 1, 2001 through March 31, 2001~~

The following debtor entities have no ongoing business activities. Therefore they have no income, expenses or cash receipts and disbursements, and may have no assets or liabilities.

VERIFICATION I declare under penalty of perjury that the information contained in this Monthly Operating Report (including Schedules and Statements) is true and correct to the best of my knowledge, information and belief. Dated: _____________________________________________________________________ Name/Title Michael J. Lichty --------------------------------------------------------------------- Address: One City Centre, 515 North 6th Street --------------------------------------------------------------------- St. Louis, Missouri 63101 --------------------------------------------------------------------- Telephone: 314-589-3227 --------------------------------------------------------------------- DEBTOR IN POSSESSION By: _________________________

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