Originally Posted by
MickG0105
Not sure why you'd reference "9 737". I was comparing the H1FY24 (1 July 2023 - 31 December 2023) numbers to H1FY23 (1 July 2022 - 31 December 2022); the effective change in jet fleet numbers is less than 2 between those periods. Network capacity in terms of ASKs increased by nearly 14 percent between the two halves. Total costs most assuredly should not scale linearly with capacity.
Yes but operational costs ramp up as you 'operate' so it makes sense the last 6 months was all 9 ships plying the waves, not just the addition of 2. It also depends on when the costs come due and are paid, rather than just a liability. Al things we don't know as are commercial in confidence behind the scenes contracts. When looking at cash movement in large businesses a lot of that cash was spent up to a year or more earlier, the payment just came due during that reporting period.
The scary number is the 42% increase in engineering/maintenance, that is what pushes the cash flow negative, an extra $16mil for a few additional 737.