Originally Posted by
FD1971
Pre-conceived notions are a fundamental requirement for such a thread to last over 2000 posts. I have to earn my monthly salary from the owners of FT somehow...
There is no doubt that soccer in the US is not what it used to be and it is as obvious to me that the losses from ops at EK are not as high as they used to be.
If you take a look at the financial situation of EK, you see key parameters like debt starting to increase massively shortly after the turn of the century...
Soccer as the second most followed sport in the U.S.? Not really relevant to this topic, but entertaining still.
Debt levels can rise massively but that is not the end of the world. What matters is what happens to the ability to affordably service debt levels. As long as EK isn't squatting on consumers' money, isn't failing to provide contracted services, and is paying its suppliers and debtors, who cares if EK is a "financial scam" like Lufthansa or United.