Correct.
If you dial into the commentary pushed in recent times, it’s all about polishing a turd to would be investors who are next in line to keep a would be ponzi operation flourishing.
‘750,000 seats sold’, ‘Record numbers’ ‘Growth Growth Growth’, ‘Stimulating’ ‘Huge Demand’, ‘Unseen before’ ‘approaching breakeven’ ‘10 aircraft by years end’
Meanwhile someone then engages an administrator to ‘have a look’ inside, who are only interested in two things, cash on hand and days until insolvent.