Mounting debt to shackle airlines’ pandemic recovery, group says

A white passenger jet, closeup view on the tarmac.

The leading airline industry group is warning that mounting debt incurred by members to stay in business during the coronavirus crisis could eventually endanger their survival when the bills come due.

Airlines are scrambling to borrow money from commercial banks and investors, sell securities, and tap government aid in a desperate attempt to build a cash cushion that will let them weather a long drought in revenue while passenger traffic slowly rebuilds from pandemic lows.

Deutsche Lufthansa AG,...

https://s29755.pcdn.co/news/mounting-debt-to-shackle-airlines-pandemic-recovery-group-says

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