PPRuNe Forums - View Single Post - EK to Decommission 50%+ of Airbus A380, Axe 1/2 of Pilots & Cabin Crew
Old 6th Sep 2020, 12:11
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WB1900
 
Join Date: Sep 2015
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It is clear as the annual report - as long we can trust it
lockdown started mid of March and the report was fired out beginning of April
according to this document EK had a cash balance of 20bnAED - big head line in there - and received at least in September a big bailout of around 7,5bnAED - equals to 27bn
if they burnt the 20bnAED - despite the fact the made revenue, even small, plus no pays in layover, 50% salary and other costs which dropped by the nature of the crisis - than there is something going severely south
as I said - ek spends way less money on parking aircraft than others
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