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Old 14th Sep 2008, 18:21
  #579 (permalink)  
HZ123
 
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On a similiar gloomy thread it was remarked that a lot of people in this industry do not seem to have a great grasp of aviation finance and how it works or does not. However, it seems to mean very little in respect of what an airline has in the bank because if as BA have admitted it is losing £2.6 millions a day then in a very short time the relevance is how quick you can cut your outgoings and up your income. Remedial actions whatever happens will take months to implement I might hazard a quess that sums in the bank are already set aside or spoken for.
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