Originally Posted by
davidjohnson6
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
Yes, but there is "profit" and then there is "profit." Without digging through the accounts, it is difficult to know how small any profit really is. It could be small for a variety of very legitimate reasons.