PPRuNe Forums - View Single Post - Flybe-9
Thread: Flybe-9
View Single Post
Old 14th Nov 2020, 17:46
  #4501 (permalink)  
toon22
 
Join Date: Dec 2010
Location: UK
Posts: 175
Likes: 0
Received 0 Likes on 0 Posts
Flybe collapse

Originally Posted by Gurnard
Absolutely not so. COVID was having no effect upon Flybe in early March and in the previous months. COVID only began to bite after the collapse of Flybe. Those who are connecting Flybe's failure with COVID are putting up a smoke screen. You are correct to point to the financial figures instead.
Far from it. By the end of February ‘20 forward bookings were collapsing (just look at any media for that week) and cash was running out. The credit card merchants were withholding cash and the outlook became so bad because of COVID that the shareholders refused to inject more funds and the airline foundered. It would have gone anyway but COVID was the straw that broke the camel’s back.
toon22 is offline