Coronavirus shock-tests airline industry's cash 'fortress'

Tue, Mar 10, 2020 - 5:50 AM

The industry likely has enough cash to tide it through the crisis till May. The question is when travel trends will return to normal.

PHOTO: AFP

Dallas

BACK in September 2017, Doug Parker, the chief executive of American Airlines Group Inc, predicted clear financial skies ahead for the world's largest carrier.

"I don't think we're ever going to lose money again," he said during an investor gathering. "We have an industry...

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