Sky Money

Article • Sky Money

How Will Covid-19 Reshape the Economy? No One Knows

The Covid-19 crisis will greatly reshape the world’s economy in ways no one yet knows. But it’s already moving financial markets in profound ways. Stock prices are way down. So are prices for commodities, including oil. Interest rates are falling...

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Article • Sky Money

Flybe May Not be the Only Airline to Succumb to Covid-19

Flybe became the first airline casualty of the Covid-19 public health emergency — the carrier ran out of funds and filed for bankruptcy on March 5. It entered the crisis on extremely shaky ground, unable to find a profitable business...

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Article • Sky Money

United: Demand for China Routes Near Zero

It has the most Asian exposure of any U.S. airline. So naturally, United is feeling some effects from the current Covid-19 scare. It said last week that near-term demand for China routes is virtually zero, while near-term demand for routes...

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Article • Sky Money

Covid-19 Crisis Could Cost Airlines $28b

IATA’s economics team in Geneva produced estimates of how much revenue Asia’s airlines will lose as a result of the raging Covid-19 crisis. Its best guess for all of 2020 is about $28b, most of it incurred by Chinese carriers....

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ICAO: Coronavirus Losses Will Surpass SARS

How bad is the Covid-19 demand shock so far? ICAO, an agency of the United Nations charged with supporting civil aviation, released some preliminary estimates of the damage. It believes airlines will have lost $4b to $5b in first quarter...

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Article • Sky Money

Neeleman Breezes In

SkyMoney   A gentle Breeze? Or a powerful gust of wind? U.S. airlines will soon enough see the true competitive impact of a new airline created by David Neeleman, the man behind airlines like Morris Air, JetBlue, WestJet, and Azul....

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Air India for Sale

The Air India sale process is heating up. According to newly-published guidelines, bidders will be able to buy 100% of the airline, incurring just one-third of its mammoth $8b debt burden. When India’s government last tried to sell just 76%...

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Article • Sky Money

Coronavirus Impact in Asia

The world is on edge as a dangerous virus spreads from its origin in Wuhan, China. The Coronavirus outbreak is spreading worldwide via air travel, making airlines an important line of defense in the efforts at containment. Already, the economic...

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Article • Sky Money

Flybe’s Cash Crunch

It looked like problem solved. When Flybe sold itself to Virgin Atlantic, the Stobart Group, and Cyrus Capital this time last year, worries about the regional carrier’s ability to survive subsided. But the concerns came roaring back earlier this month,...

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Article • Sky Money

Ryanair’s Christmas Gift

Good news for Ryanair. The Christmas/New Year travel rush, it said, was stronger than expected, especially with respect to higher-yield, close-in bookings. The first four months of 2020, moreover, show stronger-than-expected forward bookings. As a result, the airline raised its...

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Article • Sky Money

Hong Kong Struggles

Hong Kong Airlines made it to 2020. Barely. Regulators nearly shut it down last month, concerned about its precarious financial situation. In a frantic bid to preserve cash, HKA dismantled its longhaul network and took other cost-cutting steps. It then...

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