Still a Going Concern
They had their AGM recently. The balance sheet makes interesting reading:
Over the past year
- The carried forward loss doubled from USD 170 million to USD 340 million
- The total equity declined from a negative USD 17 million to a negative USD 90 million.
- The break even load factor increased to 90.5%, while the overall load factor was just under 70%. The last year they broke even was 2004.
Last edited by Gotafix2; 28th Sep 2013 at 11:41.