bad balance & liquidity
Even if there is still a lot of leverage in the aggressive depreciation left, why was this not choosen in the first place?
Now the depreciation period must be massively increased in order to turn the balance somehow a positive direction.
If liquidity is low, the hours paid must still be flown off for the customers, at least the variable costs should be available,
or are required as liquidity?
And the interest on the fixed-cost bond has to be earned in addition to the already very high prices,
while liquidity can then only be increased with the sale of (well depreciated) aircraft? in Shalah!