Patriot Coal Corp. lost $135.6 million in July, much of it coming from charges related to its bankruptcy case, Dow Jones Newswires reported on Friday. In a court filing on Thursday, Patriot attributed $57.2 million of its loss directly to its restructuring and $41.8 million to the financing related to its bankruptcy loan. Also contributing to the loss was a reported $32 million in operating losses, continuing a trend that began long before the July 9 bankruptcy filing of Patriot and 98 of its affiliates. Coal prices have fallen more than 30 percent over the past 12 months, hitting the entire industry hard--and Patriot especially severely.
