Originally Posted by
Lassie
No, not confronted with a balance sheet but a level of human compassion that people in that particular level of management do not possess. I personally know people affected by the job losses and I find it deceitful that the people at the coal face have been manipulated into believing that the balance sheet was good & that any announcements were likely to be favourable.....not catastrophic. You are, of course, entitled to your opinion. As am I.
Friend worked with a non airline going down the tubes, he was on the board as FD and know he struggled to sleep properly for the 18 months that he tried to keep the business going. Company wasn't making enough money despite everything they tried.
Same with Monarch and idea that the people who live this for the last year in senior management don't care is laughable. They would have been doing everything they could to keep it going but losing £100 million has to be paid for and not having any cash is not having any cash,