Originally Posted by
dr dre
With multiple billion dollar profits leading up to this year, decent reserves of cash to stay afloat for 18 months and good financial discipline have put the company in one of the best positions for an airline worldwide in dealing with this. The way some posters here are talking they would rather the airline be loaded up to the eyeballs in debt paying off orders of dozens of 777s.
Being in this position didn’t come about by luck, it was due to smart financial management.
Smart finacial management, or inaction that resulted in a favorable position this time around?
We can all imagine our own 'what if's', but I dont have any major criticism of the handling of the current crises to date.
Whether the handling has been the stuff of genius, or simply a CEO doing his/her job is what tempers my praise.