They will obviously exit with larger debt and reduced cash. The issue at hand is going to be International for the next 2 years, and fleet replacement bills. 110 Neo project is the largest finance project in the books. Those bills started last month.
Its clear they wont need that many Neos in the next 2-3 years. Airbus and Boeing are not overly friendly when it comes to pushing back or cancelling. Unless you buy more which they already did, to adjust timeframes.
Depends how many Neos are tied to leasing companies. If the contracts are signed they are going to be up the gutter.
Paying Airbus over a Billion bucks a year going forward is going to be tough.
Last edited by wheels_down; 2nd May 2020 at 10:52.