COMMENT: Airlines are making money selling everything but tickets

Singapore Airlines Airbus planes at Changi International Airport, 24 October 2020. -- With hopes that their season in hell could be approaching an end, airline stocks are on a tear.

The first thing companies try to sell in a crisis are bits of paper. Airlines have issued US$88 billion in bonds so far in 2020, more than half of the US$153 billion that the industry sold over the previous four decades put together, according to data compiled by Bloomberg. Throw in the value of loans taken out and airlines’ total debt is up by $124 billion since the end of February, the data show.Japan Airlines Co. last week announced plans to raise as much as US$1.

Typically airlines should see cash outflows from finance and investing offset with an inflow from operating activities. That’s what you have with Chinese carriers, which have returned to some semblance of normality in recent months with the suppression of Covid-19. Elsewhere in the world, however, working the balance sheet has often been bringing in more money than selling transport services.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airlines are making money selling everything but tickets[SINGAPORE] With hopes that their season in hell could be approaching an end, airline stocks are on a tear. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Olympics: Refunds sought for 18per cent of tickets sold in Japan, organisers sayRefund requests have been made for around 18per cent of the tickets sold in Japan for the Tokyo Olympics, the organising committee said on Thursday.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Frontier CEO says now making money with low fares in pandemic as stock debutsCHICAGO: U.S. budget carrier Frontier Airlines is already making money and flying more than in 2019 before the coronavirus pandemic upended ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

iQiyi pulls 'Make My Heart Smile' after backlashThe issue sparked recently when one of the episodes in the series showed a male character commenting that an outfit tried on by a female character at a store made her look like 'a Filipino maid'.
Source: YahooSG - 🏆 3. / 71 Read more »

About 18% of Tokyo Olympics tickets sold in Japan to be refundedTOKYO: About 18 per cent of tickets sold in Japan for next year's coronavirus-postponed Olympics will be refunded, Tokyo 2020 organisers said ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »