They were expecting to be profitable this year (before covid19) and that would have been with MAXes still grounded and substantial part of the 787s as well. Their cost saving program Focus2019 worked very well. So when these hurdles with grounded aircrafts and over ambitious leaders are in the past, it will be a strong company.
These are their arguments why creditors should still have faith in them. We will know during coming weeks/months if they had.