Old 26th Mar 2019, 00:59
  #11 (permalink)  
Join Date: Aug 2008
Location: Polar Route
Posts: 1
Originally Posted by cannot View Post
But they have been saying for years that they donít have any money , the situation was dire, the sky was falling , the company was in peril if the pilots didnít take a pay cut . Now suddenly they found that they had sufficient money in the kitty to buy another airline . You couldnít make this stuff up
They did lose a bunch of money and leverage the balance sheet... with their insane fuel hedges!!! Now they are going to load up with even more debt to fund this (mis-)adventure. What makes them think they can manage a LCC any better than they can run their fuel hedges?
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