FIS Horizons 2023 Brochure - Riding the wave - Flipbook - Page 18
Need for operational
flexibility may test
airlines’ stakeholders
in restructurings
David Simonds
Partner, Los Angeles, New York
Faraz Naqvi
Counsel, London
In the wake of the COVID-19 pandemic, the surviving airlines have
accelerated cost-cutting efforts, curtailed capital expenditures,
and reduced their fleets.
Arguably, airlines are in a much stronger operational position to cope with volatile operating
environments. However, the highly uncertain waves of future disruption facing the industry
require airlines to be nimble and maintain significant liquidity to become more stable and
profitable. As described in this article, the participation of key constituencies also will have
significant positive or negative impacts on the outlook for airlines.
Read the full article here.
Article correct as of 28 November 2022.
