{"id":343136,"date":"2020-03-24T11:36:39","date_gmt":"2020-03-24T06:06:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=343136"},"modified":"2020-03-24T11:36:39","modified_gmt":"2020-03-24T06:06:39","slug":"covid-19-moodys-says-global-airlines-may-more-than-halve-capacity-in-q2-2020","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-moodys-says-global-airlines-may-more-than-halve-capacity-in-q2-2020\/","title":{"rendered":"Covid-19: Moody&#8217;s says global airlines may more than halve capacity in Q2 2020"},"content":{"rendered":"<p>NEW DELHI: Global airlines are likely to cut capacity by 40-60% year-on-year for the second quarter of 2020 and more than 75% in some cases as the aviation sector takes a big hit due to the coronavirus outbreak, according to rating agency Moody&#8217;s Investors Service.<\/p>\n<p>&#8220;On a full-year basis, we expect global industry capacity to fall 25% to 35%, assuming the spread of the virus slows by the end of June and, subsequently, passenger demand returns,&#8221; it added.<\/p>\n<p>While large airlines have adequate liquidity &#8220;to manage through a fairly significant short-term disruption through June, and a continuing but more moderate disruption through the third quarter&#8221;, the rating agency said smaller and less liquid airlines &#8220;will be more exposed, and there is potential for some airlines to collapse within a short period without additional support from shareholders and central governments.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Global airlines are likely to cut capacity by 40-60% year-on-year for the second quarter of 2020 and more than 75% in some cases as the aviation sector takes a big hit due to the coronavirus outbreak, according to rating agency Moody&#8217;s Investors Service. &#8220;On a full-year basis, we expect global industry capacity to fall 25% to 35%, assuming the spread of the virus slows by the end of June and, subsequently, passenger demand returns,&#8221; it added. While large airlines have adequate liquidity &#8220;to manage through a fairly significant short-term disruption through June, and a continuing but more moderate [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-343136","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=343136"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343136\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=343136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=343136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=343136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}