Originally Posted by
Icarus2001
As I mentioned earlier, once Joe Public gets a whiff of all this they will cease to book anymore than a few days in advance. The public have Bonza in their recent memory. When that happens cashflow reduces massively.
That’s a great point, and it was clear Bonza’s bookings in April just collapsed while the AFR started publishing. They also ceased ops with a fairly alarming lack of future bookings. Remember when Virgin was on the brink, once those news reports started coming out in the final weeks, everyone started cashing out points, they had to cease it.
I just fail to see what LKH does here to improve anything. He hasn’t taken any action re the declining performance in last few years, I can’t see him returning and magically turning the place around. One cannot stress the importance of keeping someone like him, well away for the time being. Nobody cares about his personal financial ties and associated risks he has to this business, the employees is where the focus needs to be in any restructuring.
You just hope they haven’t yet signed the dotted line for the next batch of NGs they had been talking about.