Originally Posted by
Oasis
Emirates is putting pilots on half pay and shutting down ops soon.
whats the plan cx..
we just sold a few airplanes and leasing back which will keep on the lights for a while, but let’s conserve cash ffs.
Do the math, there is no need for this if you understand the company’s plans. If your in the company then you know what their plan is ... if you read the public filings then you know how much cash is on hand. Then add the current cargo rates.
Youd be surprised if you run the figures.
The key is to look not at group numbers but individual airlines.
Oasis, the other thing which I keep circling back to is cash-flow. Yes they have a pile of cash as per the filings, but look at what revenues they have, as long as the cash flow is remotely close to what is was then you can stretch things out for quite sometime.