Originally Posted by
FlyingZiggy
I would love to know why all you guys are talking about bankruptcy? What are your sources? Where do these rumours come from? Looking at their numbers from Q3, it does not look that bad, to be honest.
No offense - I am just trying to understand.
I have no inside info either but lets see if you have different numbers than the pessimist posters.
You say that numbers look good but with a quick googling I saw that for the first 9 months of 2024 they had 48 million losses
Posters say that they are already in 570 million debt to Latvian State. Is it true or you have different numbers? In case it's true they can go bankrupt the moment EU orders to return this debt, like what happened to Malev. It's a miracle that European Commission hasn't involved yet
Some posters say that an IPO is coming, some say that it was canceled. What's the truth?
I googled and I saw this video among many articles about the collapse of this carrier, so it's not only rumors in our forum