Originally Posted by
uastarflyer
they failed Biz 101 by trying to cut and save through a downturn v investing to come out stronger. Recovery is now booming and they don’t have sufficient assets needed to capitalize on it.
Having 52 long haul widebody aircraft grounded in a heartbeat is not a cutting and saving exercise. There’s no way to formulate long term capital spending to account for events like that. If not for Covid-19, the whole Polaris conversion program may have had to be suspended on that day.