Originally Posted by
disenchantMINT
Would have been nice to have extra hundreds of millions in cash or credit to deal with short term cash flow, but they decided to blow it all on buybacks in a fruitless attempt to juice the share price.
Any idea how tight cash is right now? Will they amp up the refurb line while flying is reduced or is this more dire than we know?
We own 82% of our fleet, 9.9% operating margin, and a debt-equity ratio about .56. We are in a very strong position financially. I do think it would be smart to increase refurb capacity while flying is reduced. But the company does need to be smart about where it spends its money since we dont know how long this travel decline will last. I don't think deferring A220s would be smart, but I could see us parking a few 190s ahead of schedule if this drags on through summer. A delay to Europe wouldn't surprise me either, unless we can get some sweet LHR slots from a struggling carrier looking to raise some cash.