Are there any banking covenants which reference the share price / market cap ?
Or (in non jargon) are there any loan agreements whereby the bank which has lent money to Flybe has the right to make life more difficult for Flybe (eg demand immediate loan repayment or charge a higher interest rate on the loan) if the share price drops below a certain level ?
Not saying there are or aren't - just that I really hope there is nothing like this on Flybe's books
With the share price where it is, cash reserves will be critical to getting through the winter. Raising of fresh equity or debt will be a challenge