What has Air Canada accomplished? To have at the end of June 2020 about $9.2 billion.
1) To do that they had to do a dilutive financing.
2) They have drawn down all of the revolving credit facility.
3) They borrowed $1.0 billion plus using collateral their new plains.
4) They reduced their routes to negligible amounts.
5) Their customer base has vanished for the foreseeable future.
6) They lost over $1.55 billion this second quarter alone and more should follow in the next few quarters.