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Old 2nd May 2020, 10:01
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Ollie Onion
 
Join Date: Mar 2012
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In an update call recently they said they have reduced cashflow to 1/12th of what it was 6 weeks ago, the freight part of the business is booming, they expect a return to domestic operations soon and have the option of another $3bn in debt raising should it be needed. Looks like they can get Jetstar domestic and Qantas domestic going with Tasman also expected shortly. They said the modelling is now better than what they initially thought and they would be bullish in trying to gain market share. They said well in excess of 12 months at this level of operation before they are in trouble with all flights that get up and running from here extending that timeline. So don’t expect VA anytime soon.
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