Catalysts
Had marketable securities for a rainy day and now facing a storm better than competition
Vaccination going at a fast rate in the US
Domestic aviation will recover faster than international
Assistance from Government on wages
To acquire 68 new Boeings by 2023 with option of buying 52 more by 2026, selling all Airbus
Great management with CEO Brad Tilden retiring in March
Financial Analysis
Revenues of $808 million in 4Q20 down 64% YoY
Revenues of $2.28 billion in FY20 down 59% YoY
Net loss of 430 million in 4Q20 vs net income of $181 million in 4Q19
Net loss of $1.3 billion in FY20 vs net income of $769 million in FY19
Cash and marketable securities of $3.3 billion, up 120% YoY
Total Debt of $3.5 billion including current portion of $1.1 billion
Book value of $3.0 billion down from $4.3 billion YoY
No increase in shares outstanding
To lower cash balance in repaying debt ahead of expected recovery with 80% of flights by Summer 2021
Daily Cashburn of $3.8 million down from $4.0 million last quarter
Read Full Analysis here: https://ishfaaqpeerally.teachable.com/courses/662813/lectures/30301884
