Aeroméxico Reports Its First COVID-19-era Positive Quarter Results

On June 30, 2020, Aeroméxico announced the beginning of a voluntary financial restructuring process under Chapter 11 of the legislation of the U.S., which has been carried out while continuing to operate as a going concern and offering services to its clients with the same quality that characterizes it. Despite…

American Finds Cash Cushion Amid Coronavirus Pandemic

American Airlines has announced that, with government aid, it has enough liquidity to survive the travel drop-off associated with the Coronavirus pandemic. American reported its Q1 results a bit over a week ago and it revealed its current liquidity status as well as its current cash flow position. The airline…

KLM Could Break-Up With Air France Over State Subsidies

The current crisis that is heavily affecting all carriers around the world could profoundly change the landscape of the airline industry for the years to come. According to the Dutch financial newspaper Financieele Dagblad, Air France and KLM may return to operate as independent carriers. The two airlines merged in…

Indian Government Seeks Approval for Cash Injection Into Air India

The Indian government is currently seeking approval from its parliament for an equity injection of 23 billion rupees ($330 million USD) into fledgling flag carrier Air India. The proposed cash injection essentially rules out the plans to sell the carrier. India's last move was to sell 76 percent of the…