RE: Lots of interest in flybe18 Nov 2018 20:00
Cash flow my dear boy. They burnt through £32M in the last 6 months.
Losing £5M a month hence with they had to sale a hangar. Turnover for show, cash for dough.
There cash pile had reduced too.
In 6 months, Flybe’s cash and cash equivalents went down by £32.5 million, from £86.7m to £54.2m. They are haemorrhaging over £5 million per month. Net debt went up 40% to £82.1m, with total liabilities at a whopping £482.7m.
That enough for you Scully??