股票配资平台双向交易Coronavirus empties airlines' cash drawers, knocks $157 billion off share values
(股票配资平台双向交易reuter股票配资平台双向交易s) - Global airlines are fast running out of cas股票配资平台双向交易h after cutting capacity by 90% or even groun股票配资平台双向交易ding entire fleets due to the broad travel restrictions to contain the spread of the coronavirus, calling into question the survival of several firms.
The outbreak of the flu-like virus has wiped 41%, or $157 billion, off the share value of the world’s 116 listed airlines, with many using up their cash so fast they can now cover less than two months of expenses, a Reuters analysis showed.
The industry’s main global body, the International Air Transport Association (IATA), estimates the sector needs up to $200 billion in government support to help airlines survive.
The following charts show airlines’ liquidity ratios, and their changes in cash and debt levels against core earnings.
(GRAPHIC: Airlines' change in cash levels - here)
(GRAPHIC: Airline firms' current ratios - here)
(GRAPHIC: Airline firms' net debt-to-EBITDA ratios - here)
(GRAPHIC: Cash on hand by region - here)
(GRAPHIC: Airline firms' debt-to-equity ratios - here)
(GRAPHIC: Airline market cap - here)