Graphic: Coronavirus empties airlines' cash drawers, knocks $157 bln off share values

Air Busan

18/03/2020 06:27

By Patturaja  Murugaboopathy 
    March 18 (Reuters) - Global airlines are fast running out of
cash after cutting capacity by 90% or even grounding 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.
 urn:newsml:reuters.com:*:nL8N2BA5HP 
    The following charts show airlines' liquidity ratios, and
their changes in cash and debt levels against core earnings.    
    

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Airlines' change in cash levels    https://tmsnrt.rs/2TZHviB
Airline firms' current ratios    https://tmsnrt.rs/2TXRnck
Airline firms' net debt-to-EBITDA ratios    https://tmsnrt.rs/2xIiL5z
Cash on hand by region    https://tmsnrt.rs/39ZJt87
Airline firms' debt-to-equity ratios    https://tmsnrt.rs/2UgUPhv
Airline market cap    https://tmsnrt.rs/2IX5lVC
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Reporting By Patturaja  Murugaboopathy; Additional Reporting
by Gaurav Dogra in Bengaluru; Editing by Miyoung Kim and Tom
Hogue)
 ((patturaja.murugaboopathy@thomsonreuters.com;))