Which Airlines may be next to Fold?

[ozfflyer]

thomas cook gone

jet airways india gone

cobalt gone

numerous otheer EU operators gone

JQ NZ domestic goning

Condor next ?

Norwegian ?

 

[p--and--t]

Eu2m per day losses

Finnair Loses €2M Per Day & 95% Capacity Cut April – June, 2020

Finnair is burning €2M per day and will operate 5% of its usual flights through the end of June.

loyaltylobby.com

 

[Deleted member]

well we are in the middle of one massive fricking recession !!! I'm just a realist. Flicked most of our rental properties & got out of any debt. The big question is how many years before we hit rock bottom ?

I’m not selling anything right now, That said I could see this coming and converted to cash some time ago. Opportunities will abound in the coming months .

 

[p--and--t]

I’m not selling anything right now, That said I could see this coming and converted to cash some time ago. Opportunities will abound in the coming months .

Isn't the smart investors creed "Be fearful when others are brave, be brave when others are fearful". Certainly true last year.

 

[p--and--t]

Brussels Airlines Extends Shutdown Through May 31, 2020 & Asks For A Handout From Belgium

Brussels Airlines has moved the restart date to June 1st while seeking a cash infusion from the Belgium government.

loyaltylobby.com

 

[jakeseven7]

I’m not selling anything right now, That said I could see this coming and converted to cash some time ago. Opportunities will abound in the coming months .

Exactly, the smart people are waiting to jump on some bargains. You have to think anti-cyclical and be comfortable with this. Most people are not.

 

[p--and--t]

Swiss Gets CHF 1.5B Bank Loan Guaranteed By The Country’s Government

Swiss and Edelweiss have secured CHF 1.5B loan backed up mostly by Switzerland’s federal government.

loyaltylobby.com

 

[p--and--t]

Avianca Seeks $1.2B Bailout From Colombia

Avianca is seeking $1.2B from the Government of Colombia.

loyaltylobby.com

 

[p--and--t]

Guardian’s Today In Focus: “Should the UK bail out Richard Branson’s Virgin Atlantic?“

Should the UK bailout Virgin Atlantic?

loyaltylobby.com

Post automatically merged: May 1, 2020

Thai Airways Receives THB 50 Billion Government Bailout, Remains State Enterprise

Thai Airways Received Sizable Government Bailout.

loyaltylobby.com

 

[jakeseven7]

Guardian’s Today In Focus: “Should the UK bail out Richard Branson’s Virgin Atlantic?“

Should the UK bailout Virgin Atlantic?

loyaltylobby.com

Even the Brits hate Branson!

 

[tomlee1986]

Even the Brits hate Branson!

No surprise that VA is in deep trouble - the mother company is in very deep trouble themselves!

 

[jakeseven7]

No surprise that VA is in deep trouble - the mother company is in very deep trouble themselves!

I don't quite understand your point? VS has nothing to do with VA financially, one could collapse and the other could be fine...

All they share is a common owner and name that they pay millions to use...

 

[tomlee1986]

I don't quite understand your point? VS has nothing to do with VA financially, one could collapse and the other could be fine...

All they share is a common owner and name that they pay millions to use...

if I am correct - VS has a small stake in VA... not saying they are the major cause of it... but there could be a small link on it... but mainly it is mismanagement by VA that caused VA collapse

 

[jakeseven7]

if I am correct - VS has a small stake in VA... not saying they are the major cause of it... but there could be a small link on it... but mainly it is mismanagement by VA that caused VA collapse

No, they do not have any stake in VA.

 

[tomlee1986]

No, they do not have any stake in VA.

Oops.. I stand to be corrected.. thanks

 

[p--and--t]

Included in the text "......Lufthansa pilots agreed to a pay cut of up to 45% over the next two years..... "

Lufthansa Management Weighs Insolvency Options, CEO Spohr Meets With Austrian Political Elite

Is Lufthansa seriously considering to file for insolvency?

loyaltylobby.com

 

[AIRwin]

SAA?

South African Airways Nears Collapse With Plan to Fire All Staff

www.bloomberg.com

Bloomberg - Are you a robot?

www.bloomberg.com

 

[tomlee1986]

Bloomberg - Are you a robot?

www.bloomberg.com

I think SAA is definitely gone for good

 

[p--and--t]

Iberia & Vueling Get €1.01B

Iberia and Vueling are getting loans backed by the Spanish government.

loyaltylobby.com

 

[p--and--t]

Norwegian Air Survives For Now

Norwegian Air has won enough support from the current bondholders to convert most of the debt into equity.

loyaltylobby.com

 

[p--and--t]

Grim Numbers From Air Canada: Third Quarter Capacity Down By 75%

Air Canada released today, along with its first-quarter results, information on how the airline is going to face the new Copvid-19 reality.

loyaltylobby.com