AeroAccountant
It's one thing for news reporters to take too much interest in the P & L figures but surely more concerning that the banks do???
I would hope that they as investors, above others should know what they are looking at?
If they do put their faith in these (apparently less meaningful) figures, will the more important figures that you point out get borne in mind & if not does that bode less well for airlines in the position you outline regardless of their potential future?
Hope that makes sense!!
Incidentally - no axe to grind here & hope Silverjet go from strength to strength. Just intrigued by the economics of all this!