Originally Posted by
Walnut
Does anyone know if all the rights issue was fully subscribed? It was sold at a 36p discount at the current share price, so does that mean the shares will drift down to about 165p?
At the rate cash is being burnt £20M pd ? The new money will not last long
£20m per day means diddly squat because it doesn't tell you what it is. Deliberately so. Is it the excess of spending over revenue ? Is is just daily spend on pay?
Getting rid of X thousand will cost money but once it is done it is done and spending post this will reduce. Also means if someone on £40k a year than with NI/Pension/HR it is probably costing another £20k a year minimum to support so there are huge savings. When (IF) you look to replace in an upturn it will be on new terms as well. Longer term for the airline it makes economic sense but not for those employees who have been impacted.