FlyerTalk Forums - View Single Post - Avianca plans to cut Venezuela service & Maduro threatens airline
Old May 17, 2014 | 8:13 pm
  #19  
JohnnyColombia
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Originally Posted by KenInEscazu
That's mighty kind of you, Johnny. You don't have to go to Neiva just to make me feel better.

Having cash tied up and losing revenue are two different things. The latter indicates that their sales went down 84%, and I just don't see how that is possible. I could believe that their liquid assets decreased by 84%, just as you described in your hypothetical explanation above. As we used to say in Texas, "That jest don't sound right," if we are talking about revenue.
Ah sorry I got the two numbers mixed up

30% cash tied up in Venezuela believable

84% revenue down because of reduced operations in Venezuela. No, not believing that either
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