Perhaps worth noting than in the 12 months ending 31 March 2019, Loganair made a profit of £1m on turnover of £120m
Profitable yes, but a 0.8% profit margin when times were good is not particularly inspiring. Easyjet's profit margin was 7% by way of comparison. Any commercial bank lending money would be concerned about Loganair's ability to repay a loan. If Loganair need a loan, it's likely to be measured in the millions rather than thousands