The liabilities of global airlines will increase

Issued on 28 May 20


The IATA International Air Transport Association predicts that the liabilities of global airlines will increase by 120 billion US dollars to 550 billion US dollars by the end of this year.

Of which $ 67 billion in new debt came from government payments ($ 50 billion), deferred taxes ($ 5 billion) and credit guarantees ($ 12 billion); $ 52 billion came from commercial institutions, including commercial loans ($ 23 billion), capital Market debt (US $ 18 billion), new business debt (US $ 5 billion) and withdrawals from existing credit instruments (US $ 6 billion)


https://www.pacificglobal.com/post/warren-buffett-sold-airlines


IATA also stated that local governments have pledged a total of US $ 123 billion in aid to

airlines, mainly for salary allowances, securities financing, and tax relief, of which US $ 67 billion requires repayment. IATA believes that the relevant assistance will play a key role, and it also indicates that airlines are expected to consume US $ 60 billion in cash in the second quarter. As more than half of the support generates new debts and completely changes the financial situation of the aviation industry, airlines will take longer to repay loans than passengers will need


Do you think charter hire for cargo flight remains current level in coming few months?


Per various investment media Info. keep on short sell airlines stake? although Warren Buffett already sold all airlines stakes recently.



Disclaimer: NO INVESTMENT ADVICE

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by Pacific Global or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.


All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.


Pacific Global is not a fiduciary by virtue of any person’s use of or access to the Site or Content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the Site before making any decisions based on such information or other Content. In exchange for using the Site, you agree not to hold Pacific Global, its affiliates or any third party service provider liable any possible claim for damages arising from any decision you make based on information or other Content made available to you through the Site.

19 次瀏覽
Home    About PGA     Specialty     Coming events     Membership     Contact us     Member list     Gallery