Airlines live and die by ASMAvailable Seat Miles. How are they doing as of their last quarterly release? "In the second quarter of 2021, when compared to the same period in 2019, ASM capacity is expected to decrease 84 per cent."
But cash burn must look to improve significantly! "Air Canada projects a net cash burn of between $1.180 billion and $1.370 billion (or between $13 million and $15 million per day, on average) in the second quarter of 2021. This net cash burn projection includes $2 million per day in capital expenditures, net of financing, and $5 million per day in lease and debt service costs. When compared to the first quarter of 2021, the second quarter of 2021 includes approximately $1 million per day in higher scheduled debt principal repayments, an increase in end-of-lease payments due to more aircraft being returned to lessors and reflects the continuing impact of the pandemic on travel demand." So either a mill a day wose, or better.
Or fall for the pump, what do I care?
https://www.newswire.ca/news-releases/air-canada-reports-first-quarter-2021-results-801807627.html