Originally Posted by
MickG0105
Simple answer. As usual, you are wrong ... again.
Try reading a financial report before making such manifestly dumb statements. The Qantas Group's position with regards to Cash and cash equivalents versus Unavailed passenger revenue (that is, flights booked and paid for) for end of December 2021, June 2021, December 2020 and June 2020 was as follows:
HY22
Unavailed passenger revenue ... $2.570 Bn
Cash and cash equivalents ....... $2.705 Bn
FY21
Unavailed passenger revenue ... $2.143 Bn
Cash and cash equivalents ...... $2.221 Bn
HY21
Unavailed passenger revenue ... $1.766 Bn
Cash and cash equivalents ....... $2.606 Bn
FY20
Unavailed passenger revenue ... $2.031 Bn
Cash and cash equivalents ....... $3.520 Bn
Hopefully even your grasp of numeracy will extend to understanding that throughout the two year period covering the various shut-downs, the Group held sufficient cash to cover unavailed passenger revenue.
Frankly, your manifest inability to get basic financial matters right is THE worry.
Yep
Looks good on paper and from the accountancy side all is well until
It's not ready cash on hand is it....
It's not including billions in outstanding FFPs is it.....
Selling and leasing back birds only looks good on paper for cash on hand
Flogging off real estate is only a short term fix