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Hohoho.. Avianca holding,second oldest airline just file for bankruptcy. Airasia, too big to fall? Similar current ratio of 0.62, maybe aa got great leaders like tony which is why aa sustainable?
Really? Bcos of coronavirus? Avianca’s financial situation for the last 6 years was really bad: less than 3% net margin yoy, high debt in such that debt/equity is more than 2 yoy. While airlines business is a highly leveraged business but less than 3% net margin yoy for the last 6 years sounded fishy though. Probably it’s beyond oil price that makes it’s fixed cost eating up its margins. Well, if Airasia is having the same yoy performance for the last few years before the pandemic, it’s possible for it to get into similar complications.
If air asia falls... Many asean travellers gonna get stucked paying premium for flying. And KLia2 will be a ghost town.. Who wana pay for klia2's debt. . The umno morons find money where to digs?
