Originally Posted by
vikingivesterled
The Max debacle could be Ryanair's saviour. Instead of now parking 20 new owned Max they have 2 billion extra in cash. Probably the same for some other airlines.
Still think a graduated payreduction would be more pallatable. They on big salaries can stomach a larger percentage reduction than those on relatively little. But Ryanair is not run for the easy exchangable part of the workforce.
I would be curious to see the 737max - RYR contract. If Boeing would be able to deliver aircrafts lets say in 2021, would Ryanair be able to cancel the order? If yes, at what cost?
Because everyone now thinks in the short term...but they were planning a huge growth, now this huge growth will not come true.. So yes they have a huge pile of cash 3.5bn now.. Maybe they would erode only 0.5bn this year with this coronavirus, but what about next?
If anyone is interested they can find the 2019 RYR annual report here
https://investor.ryanair.com/wp-cont...ual-Report.pdf