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 ended the first quarter with over $6.8 billion in available liquidity, which includes $2 billion that it raised during that timeframe, SeekingAlpha reports. That figure does not include government aid,…
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…
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…
