Originally Posted by
MasterOfPuppets
If the airline isn’t at a place by next summer that’s north of 70% of 2019 the company will only have a few months of cash left until they must go bankrupt. If next summer is a bust we won’t make it through next winter.
That’s really some sound fundamental analysis. 70% of what? Revenue? LF? Block hours? Regardless even at our most recent qtr daily cash burn of $26 mil a day, that’s $.8bil a month. We have over $17bil on hand. We won’t be bankrupt in June. You realize the company can negotiate debt down outside bk? That’s most likely happening. We have cares 2 on the way - more cash. But hey - lets vote post haste and give them a handout.