The worlds largest airlines have built up a mountain of more than $300bn in net debt, a sign the pandemic will hamper recovery for years as carriers face paying back huge bills from rescue financing and state support.
With hopes of a limited restart to travel in the summer, attention is turning to how quickly airlines can heal their balance sheets after the biggest crisis in aviation history.
Liquidity is and has been of great importance to always make sure we have enough cash to manage the situation, easyJet chief executive Johan Lundgren told the Financial Times.
But there is now a big price to pay after shareholders, debt markets and state support schemes provided essential liquidity to help the industry survive a collapse in passen…
Read the full article at: https://www.ft.com/content/0a334f3e-3bb3-4ff3-96ed-39a5b3fe821b
