Airline companies are trying to save business in quickly worsening conditions for travelling. Part 2

Organizers of World Aviation Festival in London informed participants that event will continue according to the schedule, beginning with Tuesday the day when new rules in Great Britain came into force. Group has organized testing in two nearest hotels where delegates who are guests can self-isolate while waiting for the results.

According to the person familiar with this matter, separate internal corporate event in Great Britain was switched to hybrid from face-to-face meeting because new requirements to testing and isolation could find some participants who had to arrive on Tuesday.

Airline companies face return to uncertainty that relates to changes in the rules in the area of public healthcare that caused chaos in the Customers’ plans and undermined demand on early stages of the pandemic.

British Airways, for example, have stopped flights to Hong Kong, at least till November 30th after one of the employees received positive result for Covid-19 and all other employees were sent to quarantine. Airline company declared that is constantly controlling own activity as the situation develops.

Singapore and Japan make part of the group of countries that declared that are consider possibility of tightening border restrictions.

Risk of second lost winter has already caused fall of stocks of the airline companies: Bloomberg EMEA Airline Index in November fell by 18%. This will complicate attraction of new capital for balance sheet repair – mother company British Airways IAG SA, for example has net debt in amount of 12.4 billion euro (14 billion USD).

“This takes place at that time of the year when airline companies will strive to increase liquidity and in some extent profit and this takes place after difficult 18 months of profits’ exhaustion” – John Strickland who is in charge pf London company JLS Consulting told.