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Old 2nd Sep 2021, 21:46
  #781 (permalink)  
Buster the Bear
 
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Last time I looked TUI had a debt to value ratio of 107%, debts higher than the value of the company. Cheap finance keeps TUI alive. Contrast this with Jet2; “30 August, our ‘own cash’ balance excluding customer deposits was £1.52 billion, an increase of £0.46 billion on 31 March 2021.” I bet airport management wished they had not (allegedly) turned the potential Jet2 base away to Stansted! I understand that 'self handling' was (allegedly) the financial reason! Anyway, in Wizz and DART they trust....
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