Govt financial assistance to airlines should be last resort
KUALA LUMPUR: The government’s financial assistance to airlines amidst the Covid-19 pandemic must be carefully structured, and it should be the last resort, says local aviation regulatory body, the Malaysian Aviation Commission (Mavcom). In a statement today, Mavcom said considering the pressures on the government’s fiscal resources, industry operators must exhaust other options first, including assistance from their […]
Airlines facing rapid cash burn
KUALA LUMPUR: Airlines may burn through $61 billion (RM266 billion) of their cash reserves during the second quarter (Q2) of this year and post a quarterly net loss of $39 billion (RM170 billion) if severe travel restrictions related to Covid-19 last for three months. Under this analysis by the International Air Transport Association (IATA), full-year demand would fall by 38 per cent and […]
