Distress call

Will an airline company ever be able to IPO again?

Amid an unprecedented level of flight reductions, a plummet in demand, and desperate capital raising exercises, expect airline IPO’s to remain grounded as the COVID-19 pandemic reshapes the industry. We review how many are finding ways just to stay alive.

In what is a stark reminder of the severe turbulence facing the industry, the CEO of Qatar Airways, Akbar Al Baker, recently told the press that despite actually increasing capacity from March 29 to tackle the need to operate repatriation flights, the company only has “enough cash to take [it] through a very short period of time.”

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