Originally Posted by
Excargodog
Let’s see, $1.9 BILLION in liquidity divided by $1.8 MILLION per day means NK can only keep going like this for about 1055 days...
Well, that’s only if the third PSP package doesn’t come through. If it does, that would take it out to about three and a third YEARS.
As long as the legacy carriers keep begging for cash and Spirit gets a cut to not furlough employees they didn’t even intend to furlough, it’s a good deal.
Here Spirit is announcing hiring again, while receiving $185m in payroll support for this current round. That’s enough to cover cash burn for the next quarter.