Here is a panoramaún más complex for aviationón where the aerosolsíneas face a ráask «burning» of cash given the crisis coronavirus.
La Associationón International Transport Aéreo (THERE IT IS) publicó a new yearálysis showing that the aerosolsíneas spendán más de $61 billion of its cash reserves during the second quarter of the 2020, to pay your current expenses, that ends the 30 June 2020, while an estimated péquarterly net loss $39 billion.
It's yearálysis is based on the evaluationóimpact number that IATA publishedó last week, in a scenario in which the severe travel restrictions last three months. In this stage, the demand of all theñor falls into a 38% and passenger revenues throughout the country.ñor fall in $252 billion comparedón with him 2019. At approxídemand day beía más deep in the second quarter of 2020, with a caífrom del 71%.
The impact beá severe, driven by the following factors:
- Revenue is expected to fall 68%. This is less than the caíexpected day of 71% in the lawsuit due to the continuationón of loading operations, although at reduced levels of activity.
- Variable costs are expected to decrease drástically, in a 70% in the second quarter, largely iníneither with the reducción of an expected cut of the 65% in second quarter capacity. The price of jet fuel alsoén ha caísuddenly, although we estimate that the fuel coverage limitá the benefit to a decreaseón of the 31%.
- Fixed and semi-fixed costs are equivalent to almost half the cost of an airlineínea. Semi-fixed costs are expected (including crew costsón) are reduced by a third. The aerosolsíit is a sinán reducing what they can, as they try to preserve their workforce and businesses for the recover usón future.
- These changes in revenues and costs result in a péestimated net loss in $39 billion in the second quarter.
Además of unavoidable costs, the aerosolsíneas face refunds for sold but unused tickets as a result of mass cancellations as a result of government-imposed restrictions. The responsibility of the second quarter for these is a colossal $ 35 billion. Burning cash beá severe. We estimate that the aerosolíneas podrístill be spending $ 61 billion of its cash balances in the second quarter.
“The aerosolsícompanies cannot reduce costs sufficientlyáI ask to anticipate the impact of this crisis. We are seeing a péharsh devastating granddaughter of $39 billion in the second quarter. The impact of that on cash usage will be seená amplified by a responsibility of $35 billion for possible ticket refunds», said Alexandre de Juniac, Director General and CEO of IATA.
Several governments areán responding positively to the industry need with support measures. Among the países that provide specific packagesífics of financial or regulatory aid to the industry have been found so far Colombia, USA, Singapore, Australia, China, New Zealand and Norway. Más recently, Canadaá and the PaíThe Netherlands have relaxed regulations by allowing airlinesíairlines offer travel coupons to passengers instead of cash refunds.
