Originally Posted by
Dannyboy39
Without a doubt Ryanair are the strongest airline in Europe to handle this kind of a crisis. As MOL rightly points out, they have hands in many pies, a lower cost base, €4b in the bank and probably have another $15-20b in aircraft and other assets.
Nobody is strong if business collapses and it may take 2 yrs to recover. But you are correct as cash is king, cutting jobs or sacking people is an option BUT also putting people on short hours, cutting pay so everybody gets something is also an option. May not be comfortable for anybody but failing to pay mortgage for 3 months because Economy is dead will not have banks doing repos.
Only benefit Ryanair may have is that Boeing will not be pushing hard for aircraft payments especially when Ryanair likely damages for Max impact will be in the hundreds of millions.
Old rule on business is, You can never have enough cash, cash burn when no income is a lot quicker than you plan. Any of the new ventures in IT space will tell you that.