How strong is their balance sheet?
redundancies
Grounded aircraft
route withdrawls
latent capacity
I would suggest there is a distinct possibility they will need to go looking for cash to prop up the operation. Unlikely this will come from existing shareholders.
Meanwhile, as they withdraw, Qantas gains a leg up with every vacated route.
Sound familiar?
I would rather try my odds at the Casino than VA shares
Looking more and more like Ansett every day I’m afraid.