Global airlines quickly run out of cash after reducing their capacity by 90% or even grounding entire fleets as travel restrictions curb the spread of the corona virus and jeopardize the survival of several companies.
The outbreak of the flu-like virus has reduced the stock value of the world's 116 listed airlines by 41%, or $ 157 billion. Many consume their money so quickly that they can now cover costs in less than two months, according to a Reuters analysis.
The industry's main global body, the International Air Transport Association (IATA), estimates that the sector may require up to $ 200 billion in government support to help airlines survive.
The following graphs show airlines' liquidity ratios and their changes in cash and debt relative to core earnings:
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