PPRuNe Forums - View Single Post - Wizzair
Thread: Wizzair
View Single Post
Old 4th Jun 2020, 08:26
  #1256 (permalink)  
TBSC
 
Join Date: Jan 2008
Location: Switzerland ... oh wait: Swaziland
Posts: 799
Likes: 0
Received 0 Likes on 0 Posts
It does not say as no reliable forecast can be given. It does however say:

"In addition, the Directors have also modelled a severe but plausible downside scenario based on a minimal number of flights in April, May and June 2020. For the remainder of F21 only 60 per cent of capacity would be flown, improving to 75 per cent of capacity flown for the remainder of the going concern period from April to June 2021. In this scenario, the Group is still forecasting significant liquidity throughout this period.Due to the level of uncertainty in the projections and the varying patterns of how the operations of the business could emerge from the pandemic, the Directors also assessed the cash burn rate of the business in the event of a full grounding of the airline for the going concern period. The Directors concluded that, due to a combination of a strong balance sheet going into the pandemic and a low monthly cash burn rate, the business would have sufficient liquidity for more than 12 months even if it remained grounded over that time."

https://www.londonstockexchange.com/...sults/14562936
TBSC is offline