Originally Posted by
JulesWinfield
Most analysts, including the airlines themselves, are thinking it will take years to get back to 2019 numbers, if ever. I'm not reading headlines, I am reading the financial data, like the Balance Sheet and Income Statements.
Q1 2020 only saw a drop of roughly 25% in revenue from Q4 of 2019 and they lost 2.2B. The Q2 and Q3 numbers are going to be a bloodbath. Taking on massive long term debt, when you're already highly leveraged, and have essentially no revenue isn't a viable strategy for long term survival. The problem is that they can't really liquidate assets, either, as there are no buyers.
We don’t need to get back to 2019 level to make money. You are ignoring the fact that all the majors were making money for quite a few years prior to this downturn. Profits are there even at 2015 levels.
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