Read the rns’s16 Nov 2018 07:11
And annual reports toastal this is the first of many asset sales imo.
They have two hundreds routes
The likes of Wales, Jersey and the Isle of Man will be severely hit if they were to close those routes.
Have strong cash levels
Have 286 million quids worth of planes and 30 million quids worth of property.
Current liabilities are very manageable
8 million passengers
Posted a profit in H1
Fuel costs are going to be much lower going forward
Pound is much more beneficial with the currrncy fluctuations
H2 will be better than expected
Net assets are 118 million and grew by 30 million last year
2,000 loyal employees
Buy fastjet toastal with three places and a negative balance sheet for roughly the save market cap.
Yesterdsy this was priced to go bust, they have now set out there intentions and have hundreds upon hundreds of millions to shift if needed!
Goodbye