Yep, totally disastrous.
QAN has approx $2.6b in cash with another $1.5b in undrawn facilities. They burnt approx $1b in the 6 month period June to Nov and given during this period minimal flights due to Vic outbreak, the burn over the coming periods will be less.
International is problematic however they never expected commencement of recovery until 2022.
Anyone who has view QAN financial performance knows that domestic drives it, not international.
Will QAN survive?, page-280
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