smudger272 wrote: ↑Mon Apr 13, 2020 9:48 pmWikipedia92kk k100lt 193214 wrote: ↑Sun Apr 12, 2020 5:19 pm The thing is the situation is unprecedented.
Its simply not possible financially across all the companies to do refunds much as all of us might like or as is perhaps our right at the moment. They don't have the cash flow and its not a reflection on their viability or strength. A company that does vouchers and credit notes is far more likely to be around in the future than a company that suddenly pays out 2 or 3 months peak business in cash refunds and ends up with no reserves. Fixed overheads don't go away, so they still have costs.
Perhaps there may be a change to this rule and the credit notes guaranteed. Makes a lot more sense now.
Revenue
Increase €444.2 million (2018)
Total assets
€444.2 million (2018)
Yes. but those assets are not cash in a bank or cash at hand available to simply refund tickets. That sum typically is made up of ships [although they may be leased], port facilities or office buildings they may own, vehicles equipment furniture etc and quite possibly 'goodwill'. A wise business will offer credit notes and vouchers with a decent life so that the customer has a good opportunity to use them over a longer period and the company can still sell new tickets to generate revenues to stay in business. Its not going to happen across the board that everyone can get refunds, its just simply not possible. Sometimes the vouchers can be sold on too.