Gidday mate. I remember the bailout at 25 cents and remember them saying very shortly before that they had $1b in cash so it was a real Deja-vu moment the other day when they said exactly the same thing. An ominous sign for the future ?
I need to have another good look at the balance sheet...but my initial assessment the other day is that they are not in a strong position to weather this storm and if it turns into a hurricane $200m will be like putting sellotape on the windows, almost completely ineffective.
They're normally good but they are all at sea with this virus thing and should have front footed it and cut the dividend. I expect in the near future they will do what "Hyatt" have come out and done overnight and admit they cannot reliably forecast the impact of this virus so Hyatt withdrew forward earnings guidance altogether. AIR's board would have more credibility if they did the same thing. https://www.chicagobusiness.com/heal...ncluding-hyatt