PPRuNe Forums - View Single Post - EasyJet-5
Thread: EasyJet-5
View Single Post
Old 17th November 2020 | 10:16
  #1293 (permalink)  
WHBM
20 Anniversary
 
Joined: Oct 2002
: PPL
Posts: 8,201
Likes: 347
From: London UK
It should come as no surprise that, to a business with a high proportion of leased assets, substantial staff numbers, and a very significant downturn in demand, they show a loss. What else ?

But this is in conventional accounting terms. What is far more important at this time is how "free cash" is going. The two sets of figures can be miles apart. You don't go out of business because you show a loss in the published accounts. You do so because you have run out of cash.
WHBM is offline