StaySeated
IBT does not represent ME
- Joined
- Nov 27, 2001
- Posts
- 782
I don't know how that casm can be possible, seems unbelievably high all things considered.
Considering their annual revenue, the benchmark for filing BK is around $44 Million. At their current burn rate they have about three months of cash before filing unless things improve greatly or they get another cash infusion, which is much more likely.
Best of luck, I don't wish a airline shutdown on anyone.
Considering their annual revenue, the benchmark for filing BK is around $44 Million. At their current burn rate they have about three months of cash before filing unless things improve greatly or they get another cash infusion, which is much more likely.
Best of luck, I don't wish a airline shutdown on anyone.