Originally Posted by
ft101
easyJet carried around 96 million passengers last year, or 8 million per month. Just say the average price paid was £60 per journey then they would need almost half a billion GBPs each month to pay them all back. Do you think they could get that credit at such short notice or sustain it for any length of time?
Yes, if they use their customers as a credit facility. Which is what they are doing by not refunding. It's at 0% interest with 100% of the risk on the consumer. Most enterprises will take those terms to locate cash.
