Loss was almost all due to depreciation. Nothing to do with cashflow. After this time capital raising, AIR's debts will almost disappear.
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Not solvent without the cap raise.
Anyone get a handle on how many big birds AIR actually owned, how many were leased
and how many were parked up outside Ayers Rock or Nevada fully impaired (or
should that be financially impaled) ? ;)
New Accounting Standards very conveniently gloss over & fog out many of these sort
of facts now :)
Ignorance is bliss
How do you think the next 12-18 months will look with jet fuel well above 100 USD and many of the seats being occupied by passengers that are using credits = no cash coming in for many of the seats but jet fuel being burned.
On my watch list but won’t consider until they are much lower which they will be as reality sets in.
The balance sheet looks terrible.
SP down 11c since the cap raise news yesterday. Plenty of volume being traded at that level, not just the Sharsies folk. Cannot understand why this is an appealing investment at this price especially with the future outlook still bleak