Moody's: Aviation Can't Rally Itself From 2023

Moody's: Aviation Can't Rally Itself From 2023

International credit rating agency Moody's evaluated that the aviation industry could not recover before 2023. Moody's statement said that the stagnation of passenger demand in the airline industry will continue in 2021. The statement included the following statements: "The aviation industry will not be able to fully recover before 2023 and will face profound structural changes." Health concerns in Moody's statement; It was noted that the demand for passengers to the aviation sector would be stagnant until 2022 due to reasons such as decrease in expenditures due to unemployment.

Only 2019 Levels Can Be Reached By 2023

The statement, which is said to restrict the coronavirus outbreak, included evaluations about the recovery of the aviation industry. Accordingly, it was stated that the demand for the aviation sector could reach its level in 2019 only by 2023. In addition, more than one airline companies increased their liquidity at the expense of borrowing; In addition, it has been noted that state-sponsored airline companies have significantly increased their liquidity since March.

Credit Rating of 13 Airline Companies Decreased

In the statement made by Moody's, the organization has downgraded the credit ratings of 13 airline companies since May 25; It was stated that the ratings of 6 airline companies were confirmed. It was noted in the company's statement that the aviation industry will face major and major changes.