Originally Posted by
toon22
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.
Means testing, however. If Flybe was so vulnerable to the very first ripple, it was clearly in a very bad place.
see below for timeline.
