Airlines Struggling with Cash Flow, are you Prepared?
Aviation industry profitability has been considerably variable. According to IATA, the average global commercial airline’s net profit was as little as US$6.85 per departing passenger in 2019. Apart from leading market operators from North America and Europe, airlines in other regions were barely profitable, noticeably in Africa and the Middle East. During the last few years, we have witnessed a significant number of airlines which have gone bankrupt, highlighted by companies