Originally Posted by
Big5
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.
You are correct we won’t be bankrupt in June. HOWEVER if next summer is a bust and we can make any money then we will not survive through next winter. The company will need to stratigacky plan bankruptcy. Wwaiting until the last minute provides its own challenges.
come June the company will either furlough Zero or will furlough more than 2007. They won’t be looking to reduce cash burn or break even. They will be looking to start making money again. They will not carry dead weight. The TA 2007 number means very little in my opinion and was there to show the dire circumstances we face. I believe it’s sole pourpose was to scare up yes votes.
If CARES 2 happens then this TA doesn’t mean jack so why even stress about it?