IBA sees growing airline financial weakness
Consultancy firm IBA has warned of higher market risk after 81 of the more than 120 airlines that the company monitors for financial performance reported lower EBITDAR margins for 2018. “In summary, the airline industry appears to be more volatile,” IBA said in its 6-monthly Operator Score Index update, released Aug 15. The IBA index gives airlines credit scores, based on their financial health, operational efficiency, access to capital, jurisdictional risk and IBA’s own intelligence as an aircraft lessor. In the latest update, IBA downgraded 28 airlines and upgraded 8. Europe & CIS and the Asia-Pacific regions each saw 10 downgrades. There were 3 Asia-Pacific upgrades and 2 Europe & CIS upgrades. “Some of the notable downward movers include Air Astana, Avianca Holdings, NOK, Transat A.T and Aeroflot,” IBA said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-08-20/general/iba-sees-growing-airline-financial-weakness
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IBA sees growing airline financial weakness
Consultancy firm IBA has warned of higher market risk after 81 of the more than 120 airlines that the company monitors for financial performance reported lower EBITDAR margins for 2018. “In summary, the airline industry appears to be more volatile,” IBA said in its 6-monthly Operator Score Index update, released Aug 15. The IBA index gives airlines credit scores, based on their financial health, operational efficiency, access to capital, jurisdictional risk and IBA’s own intelligence as an aircraft lessor. In the latest update, IBA downgraded 28 airlines and upgraded 8. Europe & CIS and the Asia-Pacific regions each saw 10 downgrades. There were 3 Asia-Pacific upgrades and 2 Europe & CIS upgrades. “Some of the notable downward movers include Air Astana, Avianca Holdings, NOK, Transat A.T and Aeroflot,” IBA said. <br/>
