Need for operational flexibility may test airlines’ stakeholders in restructurings

In the wake of the COVID-19 pandemic, the surviving airlines have accelerated cost-cutting efforts, curtailed capital expenditures, and reduced their fleets. Arguably, airlines are in a much stronger operational position to cope with volatile operating environments. However, the highly uncertain waves of future disruption facing the industry require airlines to be nimble and maintain significant liquidity to become more stable and profitable. As described in this article, the participation of key constituencies also will have significant positive or negative impacts on the outlook for airlines.

To view the article, please click the button below. 

Authored by David Simonds, Faraz Naqvi, and Jeremy Halford (formerly of Hogan Lovells)