LCCs
Wizz Air and
Ryanair lead the way, with liquidity at 48% and 47% of revenue – equivalent to 176 days and 170 days of revenue respectively.
I read somewhere that Ryanair are incurring costs of less than a million Euro's a month.
At the other end of the scale is
Norwegian, with liquidity at 7% of revenue, or 26 days
Any one know what VS has ?
The UK Govt will not float very low levels of liquidity with the potential loss to Tax payers when subsequently going into administration..... Boris would lose a lot of supporters
VS I fear is soon to become UK airline history.
Perhaps Ryanair will rebrand it ?