Re:Airlines want to cancel rule requiring them to refund far...
by varjag on Tuesday April 07, 2020 @06:28PM
(#22808134)
Hard to pin down exact figure, but a quarter worth of their normal turnover could probably go a long way. Given that their fleet is grounded, airports rents are suspended and there are no fuel expenses.
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Re:Airlines want to cancel rule requiring them to refund far...
by pmiller2 on Tuesday April 07, 2020 @07:07PM
(#22808438)
Moreover, now is actually a good time to buy fuel and stockpile it (if they have the facilities), or use derivatives to take advantage of the situation if not. I am aware that airlines do hedge their fuel costs, but, that requires cash, which they apparently don't have right now.