How The Airline Industry Will Transform Itself As It Comes Back From Coronavirus
Posted in News
The world’s commercial airlines and other aviation businesses face significant financial stress and perhaps bankruptcy in the coming months from the unprecedented, unexpected, and broad shutdown of travel due to the rapid spread of Covid-19. Airlines in most regions only have two to three months of cash to cover their operations, according to IATA, but this hides huge variation in the financial strength of individual carriers. The best airlines generate more profits and have stronger balance sheets than in 2008, but most airlines remain financial walking wounded.
Read the rest of the story from the original author Dean Donovan here.
