Emerald Airlines posts start-up related losses of €21.3m (rte.ie)
That is the 16M cash in hand gonzo... but they will have turbulent times ahead already. Their COVID start-up advanatges are all gone now or on the way out.
- Unions are already inn
- Covid leases (cheap or even PBH) are over / ending
- Fuelcost and handling and overflights up +25% since start
Its a tough cookie and not viable to be an franchise for EI.. history proven that and Emerald will confirm this in due time, EI will need to take it inhouse if they want too, but they know there will always be an operator happy to stand on the curb corner and be the next to be ...