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Old 17th Apr 2021, 17:43
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Skipness One Foxtrot
 
Join Date: Dec 2011
Location: London
Age: 42
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Vokes55

They managed an operating profit after taking on unsustainable levels of debt and destroying shareholder value to get there. That's not a succesful business plan in anyone's book. To say COVID brought them down is disingenuous to say the least, it was, like flybe and Thomas Cook, an inability to service existing debts, that destroyed the viability of the operation. The US is not going to be open properly til 2022 as we've no idea how panicked leaders will get when COVID comes back in winter, just like the other seasonal viruses. There might be a summer window like last year but we're going into semi lockdown again, that's why furlough and the other emergency legislation was extended, there will be one last push to see us through this winter IMHO.
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