He stated that unless
VB cuts something like 35% of its fleet, concentrates on primary trunk routes primarily with a higher yield and/or raise their prices by up to 30% they wont survive.
With all due respect, your mate is an S&P analyst (i presume), what would he know about running an airline! Cut 35% of the flleet? Big call from a speculator!
Half of these clowns wouldnt know if their rear ends were on fire.