Monthly Period (USD $ millions)

Revenues (MOR-4)

Operating Income / (Loss) (MOR-4)

Net Income (Loss) (MOR-4)

Payments to Professionals (MOR-7)

Total Disbursements (Exhibit A)

Document reflects Debtors only, and does not contain any information related to consolidated non-Debtors**

The original of this document must be filed with the United States Bankruptcy Court**

General Methodology. The Debtors are filing their monthly operating report (the “MOR”) solely for purposes of complying with the monthly operating requirements applicable in the Debtors’ chapter 11 cases. The financial information contained herein is unaudited, limited in scope, and as discussed below, not prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The MOR should not be relied upon by any persons for information relating to current or future financial conditions, events, or performance of any of the Debtors or their affiliates, as the results of operations contained herein are not necessarily indicative of results which may be expected from any other period or for the full year, and may not necessarily reflect the consolidated results of operations, financial position, and schedule of receipts and disbursements in the future. There can be no assurance that such information is complete, and the MOR may be subject to revision. The following notes, statements, and limitations should be referred to, and referenced in connection with, any review of the MOR.

Basis of Presentation. In preparing the MOR, the Debtors relied on financial data derived from their books and records that was available at the time of preparation. Nevertheless, in preparing this MOR, the Debtors made reasonable efforts to supplement the information set forth in their books and records with additional information concerning transactions that may not have been identified therein. Subsequent information or discovery may result in material changes to the MOR and errors or omissions may exist. Notwithstanding any such discovery, new information, or errors or omissions, the Debtors do not undertake any obligation or commitment to update this MOR.

Reporting Period. Unless otherwise noted herein, the MOR generally reflects the Debtors’ books and records and financial activity occurring during the applicable reporting period. Except as otherwise noted, no adjustments have been made for activity occurring after the close of the reporting period.

Accuracy. The financial information disclosed herein was not prepared in accordance with federal or state securities laws or other applicable non-bankruptcy law or in lieu of complying with any periodic reporting requirements thereunder. Persons and entities trading in or otherwise purchasing, selling, or transferring the claims against or equity interests in the Debtors should evaluate this financial information in light of the purposes for which it was prepared. The Debtors are not liable for and undertake no responsibility to indicate variations from securities laws or for any evaluations of the Debtors based on this financial information or any other information.

Payment of Prepetition Claims Pursuant to First Day Orders. On May 15, 2019 and June 27, 2019, the Bankruptcy Court entered orders (the “First Day Orders”) authorizing, but not directing, the Debtors to, among other things, pay certain prepetition (a) liabilities related to use of the Debtors’ cash collateral, and continued use of their cash management system, (b) obligations payable to specified foreign claimants, (c) insurance obligations, (d) employee wages, salaries, and related items, (e) obligations related to the provision of utility services, (f) obligations relating to critical vendors and certain other specified trade claimants, and (g) taxes. If any payments were made on account of such claims following the commencement of these chapter 11 cases pursuant to the authority granted to the Debtors by the Bankruptcy Court under the First Day Orders, such payments have been included in this MOR unless otherwise noted.

Reservation of Rights. The Debtors reserve all rights to amend or supplement the MOR in all respects, as may be necessary or appropriate, but shall be under no obligation to do so. Nothing contained in this MOR shall constitute a waiver of any of the Debtors’ rights or an admission with respect to their chapter 11 cases.

(USD $ millions)

Current Assets

Cash and Cash Equivalents

Accounts Receivable—3rd Party

Accounts Receivable—Intercompany

Inventories

Prepaid Expenses and Other Current Assets

Total Current Assets

Non-Current Assets

Investment in Consolidated Affiliates

Land and Buildings (at cost)

Aircraft and Equipment (at cost)

Less: Accumulated Depreciation

Net Property Plant and Equipment

Right-of-use Assets

LT Note Receivable—Intercompany

Other Assets

Total Non-Current Assets

Total Assets

Includes implementation of ASC 842 with the exception of guidelines for intercompany leases.

(USD $ millions)

Current Liabilities

Accounts Payable—3rd Party

Accounts Payable—Intercompany

Accrued Wages, Benefits and Related Taxes

Income Taxes Payable

Other Accrued Taxes

Deferred Revenue

Accrued Maintenance and Repairs

Accrued Interest

Current Portion of Operating Lease Liabilities

Other Accrued Liabilities

Short-Term Borrowings and Current Maturities of Long-Term Debt

Total Current Liabilities

Non-Current Liabilities

Long-term debt, less current maturities

LT Note Payable—Intercompany

Other liabilities and deferred credits

Deferred taxes

Long-term Operating Lease Liabilities

Total Non-Current Liabilities

Liabilities Not Subject to Compromise

Liabilities Subject to Compromise

Total Liabilities

Total Equity

Total Liabilities And Equity

Includes implementation of ASC 842 with the exception of guidelines for intercompany leases.

Days

Current

1-30

31-60

61-90

91-120

120+

Total

Based on the Debtors’ aging reports. Does not include goods received not invoiced or accrued AP included in the trial balance. Does not include pre-petition trade AP.

Based on the Debtor’s aging reports. Does not include income tax and other non-trade receivables included in the trial balance.

Profit and Loss (USD $ millions)

Total Revenue⁽¹⁾

Operating Expenses

Direct Costs

Reimbursable Expense

Depreciation and Amortization

General and Administrative

Total Operating Expense

Gain (Loss) From Disposal of Assets

Earnings From Unconsolidated Affiliates, Net of Losses

Operating Income / (Loss)

Financial Items & Other Income / (Expense)

Interest Income

Interest Expense

Reorganization Items, Net

Other Income (Expense), Net

Income Before Provision for Income Taxes

Provision (Benefit) for Income Taxes

Net Income (Loss)

Noncontrolling Interest Expense

Net Income (Loss) Attributable to Common Stockholders

Includes revenue from Affiliates, Debtor and Non-Debtor entities.

Cash Receipts and Disbursements (USD $ millions)

Operating Cash Flow

Total Receipts

Total Operating Disbursements

Operating Cash Flow Before Intercompany

Net Intercompany Activity

Operating Cash Flow After Intercompany

Non-Operating Activities

Restructuring Professional Fees

US Trustee

Debt Service

Other Non-Operating Activities ^{(3) (4)}

Total Non-Operating Activities

Total Cash Flow

On a bank cash basis excluding restricted cash.

Based on an aggregation of weekly activity from the Debtors’ 13 Week Cash Flow for the weeks ended 9/6 - 9/27.

$11.0M relates to a draw on available DIP proceeds which were used to fund general operating expenses.

Does not include $75M paydown of Senior Secured Notes using DIP proceeds held at Ankura.

(USD $ millions)

Bank

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo

Citi

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo

Wells Fargo

Total Bank Account Balances

Cash Balances—Above

Cash in Transit and Other Reconciling Items

Cash and Cash Equivalents Book Balance (MOR-2)

Does not include restricted cash of $148M held at Ankura.

Payments to Professionals (USD $ thousands)

Payments to Professionals

1   Kirkland & Ellis—Counsel to Unsecured Notes

2   Davis Polk—Counsel to the Senior Secured Notes

3   Prime Clerk—Claims Agent

4   PJT Partners—Financial Advisor to the Senior Secured Notes

5   Ducera—Financial Advisor to Unsecured Notes

6   Seabury—Financial Advisor to UCC

7   Haynes Boone—Local Counsel (Houston)

8   Reevemark—Reevemark

9   Levene, Neale, Bender, Yoo & Brill —Lead Counsel to Ad Hoc Equity Committee

10  Shipman & Goodwin —Counsel to SSN Admin Agent (US Bank)

11  Glass Ratner—FA to Ad Hoc Equity Committee

12  Hunton Andrews Kurth—Counsel to Lombard

13  B. Riley—IB to Ad Hoc Equity Committee

14  Polsinelli—Counsel to Ad Hoc Equity Committee

15  Adural—Local Counsel (Panama)

16  U.S. Bank—SSN Admin Agent

17  NautaDutilh—Local Counsel (Amsterdam) to Ankura

18  Daugherty Fowler—Local Counsel (Oklahoma)

Total Payments to Professionals ^{(1) (2)}

Payments to ordinary course professionals are not included in MOR-7.

Does not include $106K in fees paid to Ankura Trust Company.

Case #

Legal Entity Name

Does not include intercompany disbursements.

Does not include $75M paydown of Senior Secured Notes using DIP proceeds held at Ankura.