PPRuNe Forums - View Single Post - Jet2, Tui Or Ryanair?
View Single Post
Old 6th Apr 2020, 09:07
  #130 (permalink)  
Normal Pilot
 
Join Date: Nov 2015
Location: Earth
Posts: 12
Likes: 0
Received 0 Likes on 0 Posts
I don't think governments always bailout healthy companies do they, they wouldn't be bailing it out if it was healthy. Healthy companies have cash reserves to cater for the unthinkable.

Quick look at TUI AG's books and they were forecasting a net profit of approximately £500 million, however they have a net debt of over 5 BILLION, so basically they have zero cash in in the bank, hence the reason for needing bailing out.

TUI AG is certainly not a company I would put any cash into.
Normal Pilot is offline