Airline Financial of recent origins 04-07-2003 War To Drain Cash issue Up To $700 Million In April ISSN: 10405410 Publication Date: 04-07-2003 Page: 1 Type: Periodical Language: English In April alone.

Airline Financial of recent origins

04-07-2003

War To Drain Cash issue Up To $700 Million In April

ISSN: 10405410
Publication Date: 04-07-2003
Page: 1
Type: Periodical
Language: English

In April alone, the war with Iraq is likely to drain the cash proceed of the seven largest U carriers between $600-$700 million. And while a gradual convalescence in demand in May and beyond is likely, the timing of any fly back will be highly sensitive to the pace of the military campaign and the appearance of any war-related terrorism.

These are the conclusions of Fitch Ratings, which took a hard anticipate at the major carriers to

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