With the recent collapse of Monarch Airlines, the global airline industry has experienced a turbulent few months. Whether it’s been the increase in global fuel prices, the United Airlines booking scandal or the United States imposing travel restrictions, the industry and its major players have come under increased scrutiny.
Yet it seems the disruption surrounding the sector doesn’t appear to be letting up any time soon.
Earlier this year, Italian carrier Alitalia also collapsed into administration for the second time in a decade – a move that could see the troubled Italian national carrier restructured, sold or finally wound up.
With this in mind, Plimsoll has analysed the financial health of the largest players operating in the Global Airlines industry. The results are startling.
|Plimsoll Financial Health Rating||% of companies|
Over 50% of companies have been rated as Danger or Caution – meaning the management of these companies need to take action in order to return their businesses to a sound financial footing. With only over a fifth of companies rated as Strong, it appears this is a highly competitive industry in which firms like Alitalia are paying the price.
To find out more about the global airlines industry and the ratings contained in each report, please click here.