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Old 12th May 2014, 10:42
  #4065 (permalink)  
dragon man
 
Join Date: Aug 2007
Location: sydney
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I'm sure in the last 12 months I read an article by a well credentialed person that said an airline the size of Qantas needed $2 billion in cash to fund day to day operations. Not having access now to credit card sales until the day of travel due to the ratings downgrade would further exasabate the cash flow problems as would today's load factors which I think were around 61% international and 64 % domestic.
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