Originally Posted by
feltf4
If I told you in 2019 that you’d be sitting around for 7-12 months doing nothing while a virus floated around and still collecting a pay check while people are holding cities hostages. Well, I bet you’d say that my point of view was realist as well.
Lets be honest. Nothings off the table mate at this point.
Well next to WN, B6 is probably the best place to be as far as cash and balance sheet. Very low debt relatively speaking: (Pre-Covid) airline owned just shy of 70% outright. Low debt to service vs legacies, improving revenue, $7ish M/day cash burn.
And, I have to say been impressed by some of the refreshingly bold moves to generate revenue. Could we furlough after May, possibly, but Ch 11 and Ch 7, slim chance IMO. Others will go there first, (way before B6), which will offer opportunity for improved revenue for B6 while others restructure. Just an opinion.