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08-Sep-2020 6:35 AM

Cash (burn) is king for airlines in the Americas, as liquidity is challenged

Airline Leader

In the new reality ushered in by COVID-19, airlines in North America have abandoned normal financial metrics and have now zeroed in on cash burn and building liquidity. At the same time, some operators are preparing for involuntary furloughs funding once payroll support from the US government ends on 30-Sep-2020.

Some domestic markets in Latin America are slowly opening up after being shut down for months, but the region's three largest airlines were forced into Chapter 11 bankruptcy protection as government support has been nonexistent.

Canadian airlines, meanwhile, are waiting for the government to lift travel restrictions that have been in place since Mar-2020.

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