Virgin Cash Balance and Fixed Cost Burn
1 Cash (Millions $s)
,107
2 Fixed Costs Per Annum
3 Plane Leases
$400
4 Interest Payments
$200
5 Debt Amortisation
$200
6 Labour @ downscaled COVID rates
$480
7 $1,280
8 Per Month Fixed Burn
$107
9 Cash min necessary
$350
10 Cash Buffer
$757
11 Months of planes grounded before going insolvent(Cash buffer dived monthly burn)
7
According to CEO in a call I was in, they have a fix burn of about 107M a month with a min cash needed of 350.... So 7 months assuming they are grounded. (Rough numbers DYOR IMO ETC ETC)