Do you know how much that cash reserve is, and how long it would last with no income? Just interested as a lot of other airlines are asking for government help. A different source mentioned Jet2 have liabilities of £2bn?
Of the £2 billion in liabilities, roughly £1 billion is for aircraft loans and lease obligations and the other £1 billion is customers cash who have yet to take their flight/holiday I think. They have several hundred million of their own cash i'd guess.
They have a great deal of flexibility to re-size the fleet with bringing forward aircraft retirements and not renewing damp lease aircraft. Spain in particular will be desperate to re-open their inbound tourism market ASAP, so I guess a lot depends on how badly the UK economy tanks, how quick it is to recover and what happens to consumer confidence/demand. If one or two of the weaker operators in the market fall away/contract then there may well be opportunities when/if they get through this.