Thread: Coronavirus
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Old 03-29-2020, 08:50 AM
  #115  
5and20
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Joined APC: Dec 2019
Posts: 131
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[QUOTE=boarderdw;3012086]
Originally Posted by 305808 View Post
We can last way past summer. Fixed costs with fleet mostly grounded are 1.5 million/day. Without the bail out money, we have around 850 million in cash. That’s over a year and a half’s worth of bleeding before a bankruptcy. Add the bail out money, and that doubles.
Sorry, that is not how bankruptcies work in the business world. Businesses will file bankruptcy long before the last dollar. Not saying you are going bankrupt just highlighting the false math.
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