Originally Posted by
nomess
Mick, when does the cash run out? Assuming they continue to burn 50-60m per year.
The fairytale will only go as far as the money pot will let it.
It's a bit hard to say. They have $30 million left in the PAGgybank. Here though it is worth noting that after drawing down $30 million in H1FY24, their net cashflow was only +$5.3 million. Suffice to say, they are running out of runway and still not airborne.
At least one of the important numbers is buried in the notes, namely the segment results. RPT (domestic jet and regional) clocked a $25.1 million loss on revenue of $315.8 million. That means that for every dollar of revenue they booked for RPT, they spent $1.08. Dress that up any way you like and it is a problem.
But hey, what do I know? Apparently there's a school of thought that if you don't talk about it then it's not really a problem.
