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Old 7th Oct 2001, 14:30
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shuttlecock
 
Join Date: Oct 1999
Location: United Kingdom
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It is a truism that you should not believe everything that you read in the papers, and I firmly believe that this is yet another example of scaremongery. The cash reserves and assets which the paper has alluded to are accurate, but it is pure speculation to forecast that this money will run out in 5 months time, perhaps this is an accurate figure assuming that BA meets all of its commitments, but I rather suspect that it will politely be declining to pay on time for anything. Only last week in the Telegraph BA was forecast to be one of the only European airlines that will survive this extraordinary situation...which only goes to prove what I said in the first place.
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