The Board have not quite got the hang of the words 'Unprecedented times in the life of aviation'. Other companies have backed off from paying dividends. As I have said in other threads, these (so-called) managers are using their standard playbook. The only problem being that is a 20th Century playbook ...
As many of us have said, R3 is toast. I had never imagined that this would be the reason for it not happening but it was clear that it was not going to get built.