Originally Posted by
LTNman
They would have a better case for rescue if they were normally profitable which they are not. They have been making loses for years which is why the shareholders are reluctant to put more money into the airline.
Thats on an ‘operating’ level, it doesn’t take account of assets etc - there is clearly some considerable value or it would have ceased years ago. Admittedly that is based on pre-Covid slot worth although much of the operation must be worthwhile, the holidays side of it must do OK or they wouldn’t open new shops, set up at MAN or retain LGW.