View Single Post
Old 03-20-2020 | 01:21 PM
  #25  
JoePatroni
Gets Weekends Off
 
Joined: May 2009
Posts: 2,034
Likes: 18
Default

Originally Posted by Andy
$120M times 365 = $43.8B.

Operating Expenses for 2019 were $39B. Includes $9B in fuel, $2.5B in landing fees and other rent.

Possible, but the $120M/day number looks like it's a bit high. And assumes zero revenue.
I'm sure that the burn rate is insanely high, but $120M/day just sounds a bit too high. My uneducated guess (based on lowering some expenses) is $90-95M/day. Still outrageously bad and $8B is gone in less than 3 months at that rate.
Price of oil has plummeted too.
Reply