RE:Covid cost BA 2 billion While true it is an incomplete picture on the effects of covid and skewed to the negative by the media as usual. Recall BBD exited the A220 partnership last Feb just days before Covid hit. Imagine still holding a piece of commercial aviation now? BBD would not have made it to the end of 2020 without declaring bk.
stockitnow wrote: Both BA and BT combined lost $2b loss either due to aircraft and trains not getting delivered, and lower BT value during sale due to less cash generation. From ainonline.com "This was less than the $4 billion anticipated last fall, leaving the remaining business aviation manufacturing and services-oriented company with $4.7 billion in debt. Bombardier had originally targeted a remaining $2.5 billion debt-load following the sale, but last fallhad upped that estimateto $4.5 billion after the pandemic had taken a toll on the companys business activities". https://www.ainonline.com/aviation-news/business-aviation/2021-01-29/bombardier-now-pure-play-business-aviation-company