PPRuNe Forums - View Single Post - VA pilots worried about employment 2021
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Old 13th Mar 2020, 22:31
  #353 (permalink)  
coaldemon
 
Join Date: Jan 2004
Location: melbourne
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This is what the smarter airlines are doing. Keeps the Pilots on the books but reduces cash burn. As for whether RAR was profitable no PB pilot or VA Pilot would know. The issue now for VA is cash burn and USD exposure. Out of the Billion there would be a fair chunk that was already locked up for L/Cs and required deposits and MR's. It is the part that is left and is working capital that needs to be preserved and with the AUD at around 62 cents all the costs went up depending on hedging that may be in place. Going to be a hard few months for Airlines and then another year or so to come out of the economic malaise that will set in. There will be a few more go down
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