Negotiating in the time of Coronavirus.
#11
Gets Weekends Off
Joined APC: Mar 2017
Posts: 559
#12
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,403
And even with 18 billion in cash right now, the airline would have 0 dollars in 6 months, and would be in even more serious trouble.
There isn't any kind of buffer an airline can have to prepare for something like what we are experiencing right now.
#13
Gets Weekends Off
Joined APC: Mar 2017
Posts: 559
Having that much excess cash with no leverage only makes you a prime target for some mr. Icahn to take you over when hard times hit you.
And even with 18 billion in cash right now, the airline would have 0 dollars in 6 months, and would be in even more serious trouble.
There isn't any kind of buffer an airline can have to prepare for something like what we are experiencing right now.
And even with 18 billion in cash right now, the airline would have 0 dollars in 6 months, and would be in even more serious trouble.
There isn't any kind of buffer an airline can have to prepare for something like what we are experiencing right now.
A paid off aircraft that is parked doesn’t make you any money, but it bleeds little cash. Basic insurance and parking and minimum upkeep/maintenance. A parked leased aircraft is going to cost you tens of thousands if not hundreds of thousands every single month.
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