Originally Posted by
FRogge
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.
That is simply not true. At the beginning of the year they said in 2020 they were expecting to have 0 losses. Then suddenly they claimed they were heading to the best summer season ever, but showed no proof of that.
Keep dreaming! Strong company having that huge debt and very little profit margin...