sean1982 wrote: ↑25 Jul 2020, 10:13
Poiu wrote: ↑25 Jul 2020, 08:34
sean1982 wrote: ↑24 Jul 2020, 21:04
A refund with tax money is quite ironic seeing that we've all collectively paid for it
Mr Decroo was quite clear in parliament: SN was in negative equity, in other words: virtually bankrupt. It’s the refusal to refund bookings which kept them alive till today and as such it’s only normal that, now that there’s money again, refunds will be processed in the near future.
Still quite skeptical about a repayment of 295 million (without interest) over 6 years. That would be around 50 million euros a year, starting this year. 50 millions is 5 times more than the highest profit SN has ever had in its history ... that aint gonna happen.
In France, more and more people are saying, that AF won't prpbably be able to pay its loan. Probably Frecnh Gov, should have buy more stake, to help Air France. Some people are takling about a nationalization, in the worst scenario.
We are a little bit worry about the long haul market. It was the only market, where Air France was profitable, while they were in the red, on their European and Domestic markets. September and October of this year will be probably decisive for Air France. If they can operate most of their long haul flights, with "correct" loads thanks to Biz pax, it's will be ok. If it's not the case (few flights and empty loads), things could be worst. And in France, we are facing off to the worst recession , since the 39-45 war
Air France burns 15 million euros per day ... will it be able to avoid nationalization?
At this rate, state loans will not suffice ...
https://translate.google.fr/translate?h ... OsQyVBjR6c
I know some people will tell me that SN and AF situations are probably not the same, but in my opinion, the hardest is about to come, for SN, which for example, doens't have a huge UE Newtork. SN doesn't have a domestic market. Few flights = few money.
Trafic at CDG is low, EasyJet has just cut some routes in France,such as Nantes Toulouse, Best Lyon or Lille Toulouse for September 2020 (literally no flights for these routes, for the moment). What will be the trafic from mid October to mid December which are the very low period, in term of the demand (except for the All Saints holidays)