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...While most of the interview is pretty standard, Karp closed it out with some, uh, interesting comments about short sellers: I love burning the short sellers....
...One investor says that Vice’s problem was not the strings attached to the money, but the fact that the company continued to haemorrhage cash each year, burning, by his estimate, $1bn in recent years....
...Airlines including United Airlines and Virgin Atlantic are hoping to use them to ferry business and first-class passengers rapidly to airports to board long-haul flights....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...Soaring oil prices threaten struggling sectors such as airlines that are just emerging from the effects of the pandemic....
...Southwest Airlines chief Gary Kelly sounded similarly upbeat....
...Airlines have been burning through cash to stay afloat during the Covid-19 crisis....
...Chief executive Gary Kelly said the Dallas airline would need to roughly double revenues from current levels to stop burning cash....
...“The business is burning a lot of cash so this deal will give them about a year and a half’s worth of liquidity,” said Mark Benbow, high yield investment manager at Aegon Asset Management....
...The collapse in demand for air travel since the spring has crushed revenues and profits at US airlines, and they are still burning cash faster than they forecast....
...Bastian, like airline executives worldwide, fought for the survival of his company for much of 2020 as the industry faced its worst crisis. Delta was burning $100m a day at the end of March....
...Delta was still burning through $10m of cash a day but had reduced this rate from $100m a day in March, Mr Bastian said....
...Worse losses are expected for the industry when airlines begin to report second-quarter financials. American is still burning $40m in cash a day, although that is down from a high of $100m in April....
...Going forward, the federal government has ordered that only Euro-V standard fuels can be imported. Elsewhere, banks have announced policies to end financing for coal-powered plants....
...executive pay, companies that took the money agreed not to lay off staff or axe routes until September 30 — even though air passenger volumes in the US have fallen by more than 90 per cent since March, and a V-shape...
...It is burning through NZ$65-NZ$85m a month and is likely to have to raise new equity by mid-2021, say analysts....
...But the pandemic has made airlines reluctant or unable to accept new jets....
...Reduced deliveries and operating losses could leave his US electric car company burning through $2.4bn this quarter, reckon GLJ’s bearish analysts....
...Some hope a bigger fillip to Britain Inc will come from lower oil prices, but that is a vain hope....
...At the end of March the company was burning about $100m of cash every day, said finance chief Paul Jacobson....
...Airlines for America, a lobby group, said US carriers were burning through $10bn in cash each month....
...Greenberg suggests that criticising free trade worked in 2016 because Nafta had been a “burning issue” more back then than it is today. TPP also came under fire....
...FT subscribers can click here to receive tech news daily by email in the #techFT newsletter Shares in airlines and travel companies were the hardest hit on Monday in the coronavirus global stock sell-off...
...Their concentrated ownership of industries such as airlines and pharmaceuticals may push up travel and drug prices, some academics argue....
...HSBC has some discussion about V and W shaped recoveries; its own model resembling “the Nike swoosh” is made by combining a proper V in mainland China forms and more of an L among Western European and American...
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